# Toyota Boshoku restructures European operations, sells subsidiaries and forms joint venture

Toyota Boshoku decided to sell all shares of three European subsidiaries (Boshoku Automotive Europe, Boshoku Automotive Poland, Boshoku Automotive Czech) and part of the Munich office business, and form a 50/50 joint venture with Megatech Industries AG for door trim production using natural fiber technology.

- Type: Acquisition
- Announced: 2016-03-31
- Where: Pilsen, Czech Republic, Czechia
- Status: announced
- Products: automotive interior parts, natural fiber door trim
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Boshoku](https://endata.com/companies/23148.md)
- [Megatech Industries AG](https://endata.com/companies/23149.md) (partner)

## Sources

- [happylibus.com](https://happylibus.com/doc/532586/%E3%83%88%E3%83%A8%E3%82%BF%E7%B4%A1%E7%B9%94%E3%80%81%E6%AC%A7%E5%B7%9E%E4%BA%8B%E6%A5%AD%E3%82%92%E5%86%8D%E7%B7%A8---toyota-boshoku), 2017-03-28: "トヨタ紡織、欧州における事業再編～内装事業の一部売却とコア事業で合弁会社を設立～"

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