7 Mar 2023
Japanese group expects incident to take a toll on sales volumes and capacity utilisation this year
Arnhem, The Netherlands – Synthetic fibre manufacturer Teijin Aramid expects lower sales volumes in the coming months due to a fire at its production facility in Delfzijl, The Netherlands.
In a financial statement for 2022, Teijin said the fire occurred at a raw materials plant of Teijin Aramid BV on 3 Dec, but did not provide further details.
As a result of the fire, Teijin expects lower sales volumes and capacity utilisation to decline, affecting the performance of the group’s material business for the current fiscal year.
The fire resulted in an extraordinary loss of Yen195 million (€1.3 million) though insurance coverage is expected to cover the damages, added the 8 Feb statement.
An investigation into the impact of the incident is still in progress, Teijin adding that neither the amount of insurance pay-out nor the timing of payment have been determined yet.
Teijin's Delfzijl site produces raw materials for its Twaron-branded yarn, which can be used as reinforcement for tires and rubber components, among other applications.
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