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Johnson Controls plans spin-off of automotive business

Johnson Controls plans to pursue a tax-free spin-off of its Automotive Experience business. Following the separation, which is expected to close in around 12 months, the Automotive Experience business will operate as an independent, publicly traded company.

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Kolon to supply airbag fabric to Autoliv

Kolon Industries has signed a three-year contract worth US$38m with airbag supplier Autoliv to provide one-piece woven polyester side curtains for Ford.

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Carbon fibre for aircraft and automotive applications

Toho Tenax, the core company of the Teijin Group’s carbon fibres and composites business, has announced the development of Tenax XMS32, a new carbon fibre that is said to achieve both high-intensity and high-tensile modulus required for aircraft and automotive applications.

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Solvay to acquire Cytec Industries

Solvay, the Brussels, Belgium-headquartered chemicals major with 2014 sales of US$10.2bn is to acquire Cytec Industries in a deal that values the composites producer at US$6.4bn.

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