The new company absorbs the existing local office that was established in 2010 and will serve as Toho Tenax’s base for developing business and sales expansion in these promising markets.
“Market development in India, the ASEAN region and Oceania is a high priority for our growth,” says Jun Suzuki, president of Toho Tenax.
“We are actively pursuing collaborations with local companies, aiming to quickly strengthen our presence in these fast-growing markets. The new company has an important role to play in this process.”
The demand in Asia for carbon fibre is expected to rise rapidly, especially for industrial applications such as pressure vessels, wind turbines and casings for home electronics.
