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Japan China

Teijin to withdraw from automotive composites business in China

Aug 07, 2023

Teijin Limited announced that it resolved to transfer the shares of its consolidated subsidiary Teijin Automotive Technologies (Tangshan) Co., Ltd. to Qingdao Keda Times Intelligent Equipment Co.,Ltd.
According to the company, the automotive composites business has significantly fallen short of its expected profit le....

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