Related Keywords: air bag fabric, double production capacity, Indorama Ventures, intends to build manufacturing facility, Japanese company Toyobo, local plant of German thread maker PHP, responding to growing demand, Toyobo world leader in fabric thread, with Thailand textile giant
Japanese company Toyobo, intends to build a manufacturing facility to double the production capacity of air bag fabric by fiscal 2020 at a local plant of German thread maker PHP, in which they will spend some 10 billion yen ($85.1 million) with Thailand textile giant Indorama Ventures, responding to growing demand.
In the U.S., Toyobo will double capacity in fiscal 2017 by adding equipment that turns nylon thread into air bag fabrics and resin-coating machines that strengthen the fabrics at a plant in the state of Alabama.
