Twaron back to full capacity, sees prices rising

ERJ staff report (DS)

Arnhem, The Netherlands -- Teijin Aramid's spin lines for the production of Twaron are fully operational again and the Emmen and Delfzijl production locations are back to full production capacity. The strong recovering market and the tightening stock are reasons for Teijin Aramid to start up the last spin line which still was shut down because of the crisis.

Many spin lines were suspended in 2009, but in June 2010, Teijin Aramid announced that the last spin line was starting up again. Demand for Twaron and Technora recovered faster than expected, particularly in the first half of 2010. The last line also resumed operation for commercial production in mid-September.

Teijin Aramid said it has has performed well during the past months and the outlook for the coming months are promising as well. The business situation is strongly improving, the supply situation is tight and consequently prices show an upward trend. Management has reasonably good faith in the market but remains cautious despite the favourable results. "I do not believe that a double dip is in the offing. Customers and other experts have also given us positive signals about growth. Growth may be slower in 2011 than in the first half of 2010, but it will continue", according to Gert Frederiks.

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Press release from Teijin