IVL and Toyobo to build airbag yarn plant in Thailand

20201026 104659 1Indorama Ventures (IVL) has, through its subsidiary, Indorama Polyester Industries (IPI), entered into a joint venture agreement with Toyobo to form a 50:50 joint venture limited liability company in Thailand to build a new plant on the IPI factory site at Rayong for the production of polyamide 66 airbag yarns.

The Toyobo Indorama Advanced Fibers facility will have an annual production capacity of 11,000 tonnes, which Toyobo will use for the production of airbag fabrics at its weaving plant.

For the full story, see the December 2020 edition of MobileTex.