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Toyobo Europe GmbH will transfer its European Breathair operations to PHP Fibers GmbH, a joint venture of Toyobo and Indorama Ventures, effective September 1, 2017.
“Toyobo Europe GmbH (TEG), a group company of Toyobo Co., Ltd., will transfer European operations related to Breathair to PHP Fibers GmbH (PHP Fibers), a Toyobo joint venture with Indorama Ventures Public Company Limited in Germany.”toyobo-global.com
Summarized from public sources; check the original articles before acting on it.