NEWS RELEASE

Teijin Joins AZL Partner Network forLightweight Production Technology
Tokyo, Japan, October 22, 2020 --- The Teijin Group announced today that it has
joined the AZL Partner Network for Lightweight Production Technology, a cross-industry
network for joint business development and technology development organized byservice and engineering provider AZL Aachen GmbH and involving nine institutes andsome 80 companies in the field of lightweight production. On October 22, the network
will be kicking off one of their many joint projects, an eight-month project to develop andmanufacture multi-material battery enclosures for electrical vehicles (EV).
Amid the ongoing shift toward connected, autonomous, shared, and electric (CASE)
automobiles, automotive companies are transforming their business models to realize
more lightweight and multifunctional next-generation vehicles. The objectives of thecross-industry AZL Partner Network for Lightweight Production Technology align closelywith Teijin’s vision and goals of developing lightweight materials and components forthese next generation vehicles. Through the participation in this project as well as twomore projects, The Teijin Group will accelerate its automotive composite expertise.
Teijin acquired Continental Structural Plastics Holdings Corporation (CSP) in 2017 tobecome a Tier 1 supplier of multi-material automotive composites. CSP's French
operation is installing a new sheet molding compound line. Teijin also acquired leading
automotive-composite suppliers Inapal Plásticos SA of Portugal and Benet Automotive
s.r.o of Czech Republic. The combined capabilities of Teijin’s composites businesses
have resulted in collaborative initiatives that leverage each company’s unique strengths.
For example, last year Teijin developed a multi-material composite automotive door thatmeets crash regulations while reducing weight compared to that of conventional steel
doors. Also, Teijin established Teijin Automotive Center Europe GmbH (TACE) this pastFebruary as a base for developing technical functions using the group's automotive
composites to strengthen and accelerate its conceptualization, designing, prototyping,evaluation, marketing and technical research of next-generation automotivecomponents. In particular, TACE is helping to combine the Teijin Group's diverse
capabilities in multi-material solutions utilizing its expertise, experiences and also new
ideas in materials including carbon fibers and aramids for next-generation vehicles.
About AZLAZL Aachen GmbH specializes in composite-based lightweight production and offers
crossindustry services for business development and technology development. Theengineering and service portfolio includes the identification of business opportunitiesand market potential for lightweight construction technologies, the development ofcomponents, production processes and production systems including cost assessments
and support for commercialization by identifying partners, suppliers and customers.
Based in the heart of one of the world's leading high-tech ecosystems, RWTH Aachen
University, the AZL works closely with technology experts and ultra-modern
infrastructure for the entire value chain of thermoplastic, thermoset and hybrid materialsystems. With the AZL Partnership, the AZL offers a framework contract to connect
decision-makers from academia and industry and to offer a platform for initiating
sustainable partnerships in projects to exchange knowledge and efficiently drive
innovation through shared effort.
www.azl-lightweight-production.com | www.azl.rwth-aachen.de
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions”, Teijin aims to be a company that
supports the society of the future. The group comprises more than 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 853.7 billion (USD 8.0 billion) and total assets of JPY 1,004.2 billion (USD9.4 billion) in the fiscal year that ended on March 31, 2020.
Press Contact
Teijin Limited
Corporate Communications
pr@teijin.co.jp