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Teijin ( (JP:3401) ) has issued an update.
Teijin Limited reported a fire incident at its Delfzijl plant in the Netherlands, operated by its subsidiary Teijin Aramid B.V. The fire, caused by a problem with drying equipment, was extinguished without any injuries or environmental impact. The plant resumed operations safely by August 20, and the company has implemented measures to prevent future incidents. The financial impact of the incident is expected to be minor, with the production system prepared to meet upcoming sales demands.
The most recent analyst rating on (JP:3401) stock is a Hold with a Yen1356.00 price target. To see the full list of analyst forecasts on Teijin stock, see the JP:3401 Stock Forecast page.
More about Teijin
Teijin Limited operates in the chemical industry, focusing on advanced materials and products such as aramid fibers, which are used in a variety of applications including safety and protective gear.
Average Trading Volume: 860,063
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen263.6B
Find detailed analytics on 3401 stock on TipRanks’ Stock Analysis page.