What is Toyobo acquiring, and what will be the ownership structure of Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF) after the deal?

Toyobo is acquiring the remaining 50% stake in Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), currently held by Indorama Polyester Industries PCL (IPI), an affiliate of Indorama Ventures Co. Upon completion, TIAF will become a wholly owned subsidiary of Toyobo. Financial terms of the deal were not disclosed.

Why is Toyobo pursuing this acquisition, and how does it fit into its broader airbag business strategy?

Toyobo is pursuing this acquisition as part of its strategy to reorganize and strengthen its airbag business, having already reviewed and accelerated the consolidation of its airbag operations in the US and China into Thailand. The acquisition will enable Toyobo to further strengthen integrated management of its airbag sector, allowing faster decision-making and optimal allocation of management resources. Toyobo also plans to continue supplying airbag-related products from its Thailand production base to markets across Asia and beyond.

Toyobo to Acquire Full Ownership of Airbag Yarn JV in Thailand

Sep 7, 2026

Toyobo Co., Ltd. announced the acquisition of the remaining 50% stake in its Thai joint venture TIAF from Indorama, converting it into a wholly owned subsidiary to optimize airbag fiber operations.

chemweek

2026-09-07

Toyobo to Acquire Full Ownership of Airbag Yarn JV in Thailand

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