Teijin DuPont Films to establish sales and marketing subsidiary in South Korea

Philip Goldsmith

TOKYO , June 20, 2012 (press release) – Teijin DuPont Films, a global joint venture partnership between Teijin Limited and E.I. du Pont de Nemours and Co., announced today that it will establish on July 1 a wholly owned subsidiary, Teijin DuPont Films Korea Limited, to market and sell polyester films in the South Korean market.

The new company, which will be based in Seoul, will further Teijin DuPont Films' efforts to expand activities in the Korean market, and also enable the joint venture partnership to strengthen connections with Korean companies, world leaders in the electronics field.

The Teijin group, under a new medium- to long-term management plan announced in February, is expanding operations in emerging economies such as China, Brazil and India, as well as Korea, through strategic alliances with local partners and development of new applications. The group is targeting growth in the key fields of information and electronics, with a special focus on displays, touch screens and printable electronics.

About Teijin DuPont Films
Teijin DuPont Films is a global joint venture partnership between Teijin Limited and E.I. du Pont de Nemours and Co. Operating in six countries, the joint venture offers a wide range of polyester films for applications such as flat-panel displays and other electronics, photovoltaics, data storage, packaging and healthcare.

About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the areas of sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 150 companies and around 17,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY 854.4 billion (USD 10.7 billion) and total assets of JPY 762.1 billion (USD 9.5billion) in the fiscal year ending March 31, 2012.

About DuPont
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation,please visit http://www.dupont.com.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.