Arnhem, The Netherlands, June 15, 2010 (ots/PRNewswire) - Teijin Aramid
will restart the last spinning line for aramid fibers at its Emmen,
The Netherlands plant. Demand for Teijin Aramid's super-strong Twaron
fiber declined sharply in 2009 during the economic crisis. The
forecast for production of aramid in 2010 has been adjusted upwards.
With the restart of the last spinning line, all spinning lines will
be operational and production will be at full capacity. The schedule
calls for this spinning line to be operational once more and stable
in the last quarter of 2010.
A large number of spinning lines were shut down in 2009 in
response to declining market demand. Demand for aramid now appears to
be recovering faster than had been predicted in the first quarter of
this year. Teijin Aramid is responding to this recovery by starting
all production lines once more.
Restarting the production line will take a few months and is good
news for employment at Teijin Aramid. With the start up of the
spinning line some 30 additional employees will be hired. The next
few months will focus primarily on recruiting and training mechanical
operators who will make it possible to start up the line. In an
earlier phase, some 10 processing operators had been appointed who,
along with the mechanical operators, will make it possible to build
up to full capacity operations once more.
Chemical industry recovering
At the end of May, the Association of Dutch Chemical Industry
(VNCI) announced that the chemical industry in the Netherlands was
showing strong recovery. Production rose by 21.7% in the first
quarter of 2010 over the same period in 2009.
Increased costs and uncertainty
The high level of sales in the first quarter has drawn down
inventories and these could become even tighter. Teijin Aramid has
readjusted its forecasts for 2010 and 2011 upwards, but continues to
see uncertainty in view of the general economic situation. Gert
Frederiks, CEO & President of Teijin Aramid, points out that, "Thanks
to the rapid recovery we have been able to rehire a number of the
temporary personnel we were forced to let go in 2009. We want to
operate our facilities at their optimum level and improve our
position in the world market. At the same time we are realists and
continue to keep a close watch on our cash flow and costs." Teijin
Aramid's internal margins are being compressed under external pricing
pressures but also to rising costs of energy and raw materials.
For more information, please visit
ots Originaltext: Teijin Aramid
Im Internet recherchierbar: http://www.presseportal.ch
CONTACT: For additional information or to speak to a Teijin
spokespersoncontact: Peter Coolen, T: +31(0)647408265