Teijin Limited announced that it will establish a specialized department to accelerate materials business incubation through technology acquisitions and alliances from April 1.
The new Technology Alliance Development Department, established under Teijin's New Business Development Group, will strategically grow materials-related businesses by identifying promising partners and M&A opportunities. Alliances are envisioned for undertakings ranging from R&D to business model creation.
To enhance its capabilities to provide optimal solutions to customers, Teijin strives to strengthen its downstream technologies and leverage alliances in line with the group's medium- to long-term management vision.
Downstream technologies include value-added processing technologies such as the proprietary film-coating technologies that Teijin used to develop Lielsort, innovative separators that enhance the performance of lithium-ion secondary batteries.
Teijin has both broadened and deepened the polyester technologies that it originally acquired from ICI of the U.K. in 1956, enabling the company to create diverse solutions incorporating fibers, films and resins.
"We are pursuing technology alliances particularly in the fields of environment, energy and electronics, where new demands are emerging, and in healthcare, where we are applying our materials technologies," said Kazuo Imose, Teijin Group Corporate Officer and General Manager of the New Business Development Group. "We will continue to create new value by providing needed solutions and by rapidly creating new businesses that benefit society."
