Toyobo and Indorama Ventures to build airbag yarn plant in Rayong, Thailand

Toyobo and Indorama Polyester Industries (IPI) will establish a 50/50 joint venture, Toyobo Indorama Advanced Fibers, to build a new plant for automobile airbag yarns at the IPI factory site in Rayong Province, Thailand. Operations are expected to start in Q1 2022.

“The joint company plans to build a new plant on the IPI factory site in Rayong Province, Thailand, and start operations in 1st Quarter of 2022.”toyobo-global.com

• 1 source
• toyobo-global.comToyobo to establish joint venture with Indorama Ventures to build new plant for automobile airbag yarns | News | TOYOBOOct 26, 2020

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