Toyobo and Indorama Ventures form JV to build airbag yarn plant in Thailand

Toyobo Co., Ltd. and Indorama Polyester Industries PCL (IPI) agreed to establish a joint venture, Toyobo-Indorama Advanced Fibers Co., Ltd., to produce PA66 airbag yarns. A new plant will be built on IPI's factory site in Rayong Province, Thailand, with operations starting in Q1 2022.

“Toyobo Co., Ltd. has agreed to set up a joint venture firm to produce yarns for automobile airbags with Bangkok-based Indorama Polyester Industries PCL (IPI), which is under the umbrella of the world’s largest polyethylene terephthalate (PET) producer, Indorama Ventures PCL (SET ticker: IVL).”texdata.com

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• texdata.comTexData International - all significant news along the textile value chainTexData InternationalOct 29, 2020

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