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Shanghai Shenda forms JV with IAC in soft trim and acoustics supply business

International Automotive Components (IAC) and Shanghai Shenda have signed an agreement to form a global joint venture (JV) partnership to supply soft trim and acoustic products to automotive original equipment manufacturers.

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Takata pleads guilty in probe over exploding airbags

Takata, the Japanese automotive supplier at the centre of a global recall crisis over exploding airbags, has agreed to plead guilty to criminal wrongdoing in the US, as three of its executives were indicted for their roles in the scandal.

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Indorama expands tyre cord output in Kaiping

Global chemical producer Indorama Ventures has started expanding its tyre cord manufacturing line at the Performance Fibers facility in Kaiping, Guangdong Province, China. The facility currently has an annual capacity of 60,000 tonnes.

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Mitsubishi Rayon acquires US carbon fibre plant from SGL

Mitsubishi Rayon (MRC) has acquired the Evanston, Wyoming, USA, carbon fibre facility of SGL Carbon Fibers to expand its carbon fibre business in the North American market and meet the growing demand for composites in wind turbine blades and automotive applications.

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Toyobo to double airbag fabric capacity

In response to growing demand, Toyobo is to invest ¥10bn (US$85.1m) and double production capacity for airbag fabrics over the next four years.

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