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Materials
Teijin buys German car materials maker
by Jean-François Tremblay
August 3, 2018
| A version of this story appeared in
Volume 96, Issue 32
Japan’s Teijin will pay $145 million for J. H. Ziegler, a German producer of car interior materials. Ziegler has five plants, including one in China, and 400 employees. It had sales of $80 million in 2017. Japanese firms have aggressively expanded into car interior materials in recent years, with Toray Industries and Asahi Kasei notably investing in plants that produce high-end synthetic suede. Teijin says it considers car materials one of its core businesses.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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