NEWS RELEASE

Teijin to Partner with Fuji Design in Carbon Fiber Recycling
Tokyo, Japan, February 24, 2022 --- Teijin Limited announced today that it has agreed
to form a business alliance with Fuji Design Co., Ltd., a Japanese manufacturer ofrecycled carbon fibers to establish a business structure for the production, supply andcommercialization of carbon fiber reinforced plastic (CFRP) products made from recycled
carbon fibers using a low environmental impact process.
Fuji Design’s proprietary “precision pyrolysis” technology produces high-quality carbon
fibers from used CFRP by removing matrix resins. As a green technology, it producessome 90% fewer CO2 emissions than carbon fibers produced with virgin raw materials.
Fuji Design, which is operating a commercial plant partially subsidized by Japan’s
Ministry of the Environment, has been looking to expand the business by developing new
applications for its technology.
Teijin, meanwhile, has been striving to lower its groupwide environmental impact,
including by reducing its fiscal 2018-level CO2 emissions by 30% as of fiscal 2030 andto net-zero by fiscal 2050. Along with efforts to reduce in-house energy consumption,
Teijin also has been developing technologies to recycle materials including carbon fibers.
Through the new business alliance, Teijin intends to strengthen its contributions aimed
at realizing a more sustainable world. Under a long-term vision of becoming a company
that supports the society of the future, Teijin also is working to achieve the United
Nation’s sustainable development goals (SDGs).
Lightweight and high-strength CFRP, which already is used widely in aircraft, industrialand sports applications, is expected to attract increasing demand as a solution forimproving the fuel efficiency of vehicles and other products. The challenge, however, isto urgently establish technologies for the reuse of carbon fibers, thereby helping toeliminate the material’s high-impact disposal in landfills or via incineration.
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 thatsupports 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 836.5 billion (USD 7.7 billion) and total assets of JPY 1,036.4 billion (USD
9.5 billion) in the fiscal year that ended on March 31, 2021.
Press Contact
Corporate Communications
Teijin Limited
pr@teijin.co.jp