The two company presidents shaking hands after signing the merger agreement (Left, President Kyouichi Ito, Kureha Boseki, and right, President Toyosaburou Taniguchi, Toyobo).

Merger with Kureha Boseki - Toyobo became the largest-scale spinning company in Japan

In April 1966, Toyobo and Kureha Boseki merged. Capital after the merger was 17.3 billion yen, and the workforce exceeded 30,000. The new company had the largest number of cotton spinning machines, cotton fiber looms, and wool spinning machines in Japan, with the addition of a polyamide plant. As a result, it achieved yearly sales of 130 billion yen.