# Toyobo to double airbag fabric capacity with ¥10B investment

Toyobo will spend approximately 10 billion yen ($85.1 million) over four years starting fiscal 2017 to double production capacity for airbag fabrics, responding to growing demand.

- Type: Expansion
- Announced: 2016-12-28
- Where: Germany (PHP plant), Germany
- Value: $85.1M (10.0B JPY)
- Starts operating: 2017
- Status: announced
- Capacity: double production capacity
- Products: airbag fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Toyobo](https://endata.com/companies/7774.md)
- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [PHP](https://endata.com/companies/21161.md) (partner)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/toyobo-to-double-airbag-fabric-output-capacity), 2016-12-27: "Toyobo will spend some 10 billion yen ($85.1 million) to double production capacity for air bag fabrics over the four years starting in fiscal 2017."
- [indiantextilejournal.com](https://indiantextilejournal.com/toyobo-to-double-airbag-fabric-capacity-2/), 2017-01-03: "Toyobo intends to build a manufacturing facility to double the production capacity of airbag fabric by 2020"
- [textilemedia.com](https://www.textilemedia.com/mobiletex/latest-news/toyobo-to-double-airbag-fabric-capacity/), 2017-02-05: "Toyobo is to invest ¥10bn (US$85.1m) and double production capacity for airbag fabrics over the next four years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.