# Toyoda Gosei and Daicel agree to capital tie-up and enhanced cooperation

Toyoda Gosei and Daicel announced an agreement to enhance cooperation in safety and new plastics materials, and enter into a capital tie-up through cross-holdings of common stock totaling about 1 billion yen each.

- Type: Partnership
- Announced: 2017-05-19
- Where: Japan
- Value: $9.00M (1.00B JPY)
- Status: announced
- Products: airbags, fuel caps, fuel tubes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyoda Gosei Co. Ltd.](https://endata.com/companies/21998.md)
- [Daicel Corp.](https://endata.com/companies/23091.md) (partner)

## Sources

- [toyoda-gosei.com](https://www.toyoda-gosei.com/news/details.php?id=146), 2017-05-19: "Toyoda Gosei and Daicel have agreed to enhance cooperation in future business and enter into a capital tie-up."

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