# Toyoda Gosei and Nippon Kayaku form capital alliance for airbag business

Toyoda Gosei Co., Ltd. and Nippon Kayaku Co., Ltd. have agreed to a capital alliance to strengthen cooperation in their airbag business. Each company will hold approximately 1 billion yen of the other's common shares.

- Type: Partnership
- Announced: 2018-02-02
- Where: Kiyosu, Japan, Japan
- Value: $9.20M (1.00B JPY)
- Status: announced
- Products: airbags, inflators
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyoda Gosei Co. Ltd.](https://endata.com/companies/21998.md) (partner)
- [Nippon Kayaku](https://endata.com/companies/29813.md) (partner)

## Sources

- [toyodagosei.com](https://www.toyodagosei.com/News/1214/toyoda-gosei-and-nippon-kayaku-to-form-capital-alliance-for-greater-cooperation-i), 2018-02-02: "Toyoda Gosei and Nippon Kayaku have agreed to a capital alliance for greater cooperation in their airbag business."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/02/toyoda-gosei-and-nippon-kayaku-to-form-capital-alliance-for-greater-cooperation-in-airbag-business/), 2018-02-02: "Today the demand for airbags is growing rapidly as safety regulations become stricter around the world."

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