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Teijin to establish tire cord JV in Thailand

7:57 AM MDT | June 24, 2014 | Deepti Ramesh

Teijin and its wholly owned Teijin Frontier (Osaka) subsidiary will accelerate their automotive rubber materials business in Thailand by establishing a tire cord partnership there with Ayaha (Otsu, Japan), a company specializing in tire cord production. Teijin Frontier will hold a 56.66% stake in the joint venture, Ayaha will hold 33.34%, and Teijin will hold the remaining 10%. The new jv will be established by the end of this month on the premises of Teijin's plant in the Bang Pa-in Industrial Estate in Ayutthaya Province, Thailand, Teijin says. The jv will...

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