Teijin subsidiary concludes merger agreement with Asahi Kasei Advance
The absorption-type merger will create a joint venture named TA Frontier Co., Ltd. with Teijin owning 80% and Asahi Kasei 20%.
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Global technology group in materials and healthcare
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In short: Teijin restructured its portfolio by divesting North American auto assets and a pharma unit while advancing circular economy technologies.
The absorption-type merger will create a joint venture named TA Frontier Co., Ltd. with Teijin owning 80% and Asahi Kasei 20%.
The thermosetting CFRP can be repaired by heating and recycled via chemical decomposition.
The performance share unit disposal was adjusted from 100,775 to 102,484 shares and from 3 to 14 corporate officers.
The new entity, Japan Tissue Engineering Europe GmbH, will manufacture and sell LabCyte models, accelerating European expansion.
Teijin (TSE:3401) has called a board meeting for July 29, 2026 to review the sale of shares held by...
Teijin Limited announced its financial results for the first quarter ended June 30, 2026. For this first quarter, the company recorded a...
Technology enables chemical decomposition of resin for carbon fiber recovery, targeting aerospace, automotive, and industrial machinery markets by 2028.
Teijin announced on the 17th that it will sell part of its pharmaceutical business to LTL Pharma (Shinjuku, Tokyo). The target is the rights to manufacture and sell seven products including a gout drug, and the sale price is undisclosed. The company has already factored this into its earnings forecast for the fiscal year ending March 2027. Teijin is proceeding with restructuring of pharmaceuticals other than rare diseases by selling them off. The pharmaceutical business is handled by Teijin Pharma (Chiyoda, Tokyo), a subsidiary of Teijin. Among the products to be sold is the gout drug 'Febu...' which previously drove performance with annual sales of about 39 billion yen in Japan.
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