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Teijin Extends Contract to Supply Carbon Fiber to Bombardier for AIRBUS A220

January 28, 2019

TOKYO--(BUSINESS WIRE)--Jan 27, 2019--Teijin Limited announced today that it has been awarded a contract to supply its Tenax carbon fiber material to Bombardier Aerostructures and Engineering Services for another seven years until 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190127005007/en/

Wing Production at Bombardier Belfast (Photo: Business Wire)

Teijin focuses on aircraft business as one of the growth strategies in its medium-term management plan for 2017-2019 and is intensively accelerating its development of mid- to downstream applications, such as cost-effective carbon fibers with higher-tenacity and higher-tensile modulus, intermediate materials including Tenax TPUD, carbon fiber thermoplastic consolidated laminate ( Tenax TPCL), thermoset prepreg and non-crimp fabric. Going forward, Teijin intends to further strengthen its carbon fiber and its intermediate material business as a leading solution provider for aircraft applications, targeting annual sales in this field in excess of USD 900 million by around 2030.

Teijin was awarded a contract by Bombardier to supply Tenax for major primary and secondary composite structures in 2010 and Tenax Carbon Fiber has been used for primary structure applications including wing, center wing box structures and empennage applications.

About the Teijin Group

Teijin (TOKYO: 3401) is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 170 companies and around 19,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY835 billion (USD 7.6 billion) and total assets of JPY 986.2 billion (USD 9 billion) in the fiscal year ending March 31, 2018. Please visit www.teijin.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190127005007/en/

CONTACT: Nana Saito

Corporate Communications Department

Teijin Limited

+81 3 3506 4055

pr@teijin.co.jp

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA CANADA NETHERLANDS JAPAN

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE TRANSPORT AIR MANUFACTURING AEROSPACE CHEMICALS/PLASTICS

SOURCE: Teijin Limited

Copyright Business Wire 2019.

PUB: 01/27/2019 09:31 PM/DISC: 01/27/2019 09:31 PM

http://www.businesswire.com/news/home/20190127005007/en

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