Indorama Ventures joins forces with Toyobo to respond

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Indorama Ventures joins forces with Toyobo Responding to the demand for airbags that continues to grow around the world New factory in Thailand ready to produce high performance nylon yarn for customers in the automotive safety industry. Bangkok, Thailand – 12 October 2022 – Indorama Ventures Public Company Limited or IVL is a leading global chemical manufacturer that operates sustainably. Celebrating the completion of the construction of a factory producing high-quality nylon yarn for automotive airbags. The new factory is located in Rayong Province. It is built by Toyobo Indorama Advance Fibers Company Limited (TIAF), a joint venture between Indorama Ventures and Toyobo Company Limited established in November 2020.

  
This factory is built on B2B Email List the same area as Indorama Polyester Industries Public Company Limited, a subsidiary of IVL in Rayong Province It will be able to produce 11,000 tons of high-performance yarn per year to support global demand for airbags, which is expected to grow 3-4 percent per year as automakers install more airbags in their vehicles. together with various emerging markets Require cars to have more safety features. It is expected to begin testing the production line in October 2022 and aims to move forward with commercial production in mid-2023. The ceremony held in Rayong Province was attended by Mr. Ikuo Takeuchi, President and Representative Director of Toyobo, and Mr. DK Agarwal, CEO of Indorama Ventures, who gave opening remarks, with Mr. Tasaka Ta. Kuro, Minister, Embassy of Japan Based in Thailand Honored to work together along with executive representatives from IVL such as Mr. Aloke Lohia, Group .




Chief Executive Officer and Mr. Uday Gil, Chief Strategy Officer. Mr. Christopher Kenneally, CEO of Fibers Business Group, Indorama Ventures, said: “Indorama Ventures and Toyobo have been trusted partners for many years. Driven by a commitment to delivering consistent quality. and reliable service for the airbag industry with huge growth potential that requires high performance products. To meet such needs We aim to make a difference for our customers. including millions of people that our products play a part in every life their day.” Mr. Ikuo Takeuchi, President and Representative Director of Toyobo, said, “With our commitment to our mission and pride, We will produce components for airbags that help protect the lives of motor vehicle drivers and passengers around the world.” TIAF%E2%80%99s-new-factory-to-manufacture-nylon-yarn-for-airbags-e1665563053407.jpg Mr. DK Agarwal, CEO, Indorama Ventures, said, “The partnership between Indorama Ventures and Toyobo reflects the successful combination of technical expertise and management expertise. Many years of close collaboration and in-depth knowledge of the automotive safety industry. IVL has various partners throughout the value chain.