Safran to purchase high-performance composite materials from Teijin

Teijin Ltd. has obtained a long-term agreement with Tier 1 aerospace and defense supplier Safran S.A.

Teijin has been supplying high-performance materials to Safran for the last 25 years. The contract establishes the timeframe for supply of Teijin’s high-performance materials dedicated to the manufacturing of parts for new-generation aircraft.

Teijin and Safran intend to reinforce their collaboration to meet the challenges of the aviation market, creating advanced technologies that lower production costs and environmental impact. Teijin may supply Safran with a variety of high-performance materials to manufacture various Safran products used for aircraft applications in commercial, defense industry, or space applications. Some of the first materials supplied to Safran should be manufactured by U.S.-based Renegade Materials Corp., a prepreg supplier specialized in high-temperature resistant resin and safe, non-toxic polyimide prepreg materials, which Teijin acquired in 2019.

Safran Vice President, Materials Purchasing, Thierry Viguier, stated, “The signature of this master agreement materializes the growing relation between Safran and Teijin. Safran expects to reach new steps in aeronautical equipment performance and competitiveness, thanks to the innovation capacity of Teijin in high-performance materials.”

Shukei Inui, General Manager of Teijin’s Carbon Fiber Business Unit commented, “This agreement with Safran is a milestone in our long and trustful relationship and will strengthen Teijin’s position as a reliable material supplier to the aircraft industry. Together with Safran, we will deliver innovative products and solutions, answering the industry’s needs for well-processable, cost efficient, and sustainable light-weight materials.”

Stated as the group’s strategic focus in its Medium-term Management Plan for 2020–2022, Teijin is pushing forward its development of mid- to-downstream applications for aircraft, targeting annual sales in this field of more than $900 million by around 2030.

Teijin posted consolidated sales of $ 8.0 billion and total assets of $ 9.4 billion in the fiscal year that ended March 31, 2020.