NEWS RELEASE

Teijin to Build GF-SMC Molding in Czech RepublicTokyo, Japan, February 17, 2021 --- Teijin Limited announced today that it will install acomposite compression molding line at Benet Automotive s.r.o, the company’s
automotive composites business in Milovice, Czech Republic. Teijin will invest someEUR 10 million in the new glass fiber sheet molding compound (GF-SMC) line, which
will begin operating in autumn 2022 to help meet strong demand for Teijin’s
industry-leading composite formulations in Europe.

Headquartered in Mlada Boleslav, Benet Automotive is a Tier 1 supplier of automotive
composite components. The company is noted for its advanced technologies related tocarbon fiber reinforced plastic molding as well as its capabilities in vehicle painting andassembly.
The new GF-SMC molding line will strengthen Teijin’s response to market demands for
greater design freedom, productivity and cost efficiency as well as weight reduction andstrength. Benet Automotive has already received new orders from European andAmerican automobile manufacturers for automotive components to be produced by thenew line.
Amid the ongoing shift toward Connected, Autonomous, Shared, and Electric (CASE)
automobiles, the automotive industry is urgently modifying its business models forlightweight, multifunctional next-generation vehicles. Teijin acquired Continental
Structural Plastics Holdings Corporation (CSP) in 2017 to become a Tier 1 supplier ofmulti-material automotive composites. Teijin later acquired leading automotivecomposite suppliers Inapal Plásticos SA in Portugal and Benet Automotive in the Czech

Republic, and now plans to build a new GF-SMC compound plant geographically inbetween these two suppliers at CSP's facility in Pouancé, France. In addition, Teijinestablished Teijin Automotive Center Europe GmbH in Wuppertal, Germany, in 2020 asa new base for research and development within the company's multi-material
automotive composite business.
Going forward, Teijin will meet the demands of the global automotive market, targeting
automotive composite business sales of approximately EUR 1.7 billion (USD 2 billion)
by 2030.
About the Teijin GroupTeijin (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 fordigital 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 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.
Please visit www.teijin.com
Press ContactCorporate Communications
Teijin Limited
pr@teijin.co.jp