Toho Tenax expands Indian composite business with Hindoostan Tech
Toho Tenax Co.,Ltd., the core company of Japanese Teijin Group’s fibres and composites business and the world’s second largest carbon fibre manufacturer will develop and market carbon fibre fabrics for India’s composite industry in collaboration with Hindoostan Technical Fabrics Ltd., a carbon and aramid textile manufacturer while owned by Hindoostan Mills, Ltd.(belonging to Thackersey Group)
The announced cooperation is the first time Toho Tenax parners with a textile manufacturer in India’s carbon fibre sector. The partnership provides that Toho Tenax will supply its Teenax carbon fibre to Hindoostan Technical Fabrics for weaving and processing into quality textiles. The two companies will jointly market products to manufacturers of composite materials and reinforced sheets. The focus will be on the India composite industry serving various industrial sectors such as aut9omotive, aerospace and railway, wind power, sports and leisure, medical equipment, construction reinforcement and retrofitting, electronics (computer and mobile phone housings) and other industrial applications requiring advanced carbon fibre based solutions.
Toho Tenax supplies already chopped carbon fibre to India sees significant potential in India’s carbon fibre market and is preparing to meet surging demand from various customers for highly valued intermediate material including prepregs. India’s composite industry has recorded robust growth of around 20 % annually over the last five years. India is one of the most strategic markets in Teijin group’s medium to long term growth plan. In 2007 Teijin has established a local affiliate in New Delhi and has been developing its business in sectors including automobiles, railcars, electronics, infrastructure, new energy and healthcare. The group currently focuses is vertically integrating its midstream and downstream businesses through strategic alliances for further growth in India.