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Teijin to establish tire cord JV in Thailand

9:32 AM MDT | June 30, 2014 | —Deepti Ramesh

Teijin and its wholly owned subsidiary Teijin Frontier (Osaka) will accelerate their automotive rubber materials business in Thailand by establishing a tire cord joint venture there with Ayaha (Otsu, Japan), a company specializing in tire cord production. Teijin Frontier will hold a 56.66% stake in the jv, Ayaha will hold 33.34%, and Teijin will hold the remaining 10%. The jv will be established by the end of June on the premises of Teijin plant at the Bang Pa-in Industrial Estate in Ayutthaya Province, Teijin says. The jv will begin operating in October 2015 and...

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