Japan: Teijin sells Indonesian polyester fibre unit
The new owners of PT Teijin Indonesia Fiber Tbk (TIFICO) are PT Prospecto Motor, PT Hermawan Sentral Investama, PT Wiratama Karya Sejati and Pioneer Atrium Holding Ltd - all of which have textile manufacturing interests.
Teijin explained why the company sold the polyester unit: "It achieved a level of profit lower than expected."
POST: 2024-05-02
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