IVL/Toyobo
(Source: IVL)
The automotive industry is in the midst of a transformation to electric vehicles while airbags are the cornerstone of safety in any vehicle. Within this context, global sustainable chemical company IVL celebrated the completion of a plant to manufacture high-performance polyamide (PA) yarn for automobile airbags. The new plant in Rayong/Thailand, was constructed by Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), Bangkok, a joint venture (JV) that IVL established with specialty chemical company Toyobo Co., Ltd., Osaka/Japan, in November 2020.
The plant, which has been built on the site of Indorama Polyester Industries PCL (IPI) in Rayong Province, will deliver 11,000 tons of high-performance yarn per year to meet global demand for airbags that is expected to grow by 3-4% annually as automakers equip vehicles with more airbags and emerging economies require cars to adopt more safety features. Test production is scheduled to start in October 2022 with the goal of starting commercial production in the middle of 2023.
In 2014, Indorama Ventures Public Co. Ltd. (IVL), Bangkok/Thailand, and Toyobo jointly acquired PHP Fibers GmbH, Wuppertal/Germany, a leading airbag yarn maker. Since then, both companies have strengthened their relationship with a focus to expand in the automotive safety sector.
The plant, which has been built on the site of Indorama Polyester Industries PCL (IPI) in Rayong Province, will deliver 11,000 tons of high-performance yarn per year to meet global demand for airbags that is expected to grow by 3-4% annually as automakers equip vehicles with more airbags and emerging economies require cars to adopt more safety features. Test production is scheduled to start in October 2022 with the goal of starting commercial production in the middle of 2023.
»Indorama Ventures and Toyobo have been trusted partners for many years, driven by our ambition to provide consistent quality and reliable service to the high-potential airbag industry that demands high-performance products.«
In 2014, Indorama Ventures Public Co. Ltd. (IVL), Bangkok/Thailand, and Toyobo jointly acquired PHP Fibers GmbH, Wuppertal/Germany, a leading airbag yarn maker. Since then, both companies have strengthened their relationship with a focus to expand in the automotive safety sector.
