All prices for Teijin Aramids Twaron products will increase by 7% as far as existing contracts allow. The company says that this is the first time since 2008 it has announced a general price increase.
Over the past years Teijin Aramid says that it has continuously invested in product and process improvements. For the future, Teijin Aramid sees the need to adjust its prices to continue its investments in sustainable production techniques and to continue its collaboration with partners on innovative solutions.
“Through its unique combination of properties, Twaron is increasingly used in high-grade applications in various industrial sectors. We will continue to invest in knowledge and expertise that we will actively use with our partners to jointly develop innovative and valuable applications”, says Gert Frederiks, chief executive officer and president of Teijin Aramid.