PHP Fibers, a Toyobo Group Joint Venture Company, acquires German airbag fabrics maker to beef up global production and supply system
Dec 13, 2018
PHP Fibers GmbH, a Toyobo Group joint venture company in Germany, has agreed to acquire UTT Technische Textilien GmbH & Co. KG, a German maker of fabrics for airbags operating globally with factories in Germany and Mexico.
In 2014, Toyobo Co., Ltd., acquired PHP, a maker of yarns for airbags with the second-largest market share at that time, together with Thailand’s Indorama Ventures Public Co., Ltd., the largest polyethylene terephthalate (PET) producer in the world.
With the construction in 2019 of a fabrics production plant by PHP, using Toyobo’s fabrics production technologies, the Toyobo Group will be the only maker capable of supplying everything from yarn to fabrics for airbags, at five operational hubs around the world – Japan, Thailand, China, the United States and Europe.
UTT has advanced fabrics production technologies, such as air-jet looms, and now that the company is placed under the PHP umbrella, Toyobo will further strengthen the global production and supply system to meet wide-ranging needs of its clients.
<Outline of PHP>
|Corporate Name||:||PHP Fibers GmbH|
|Headquarters||:||Kasinostr. 19-21, 42103 Wuppertal, Germany|
|Representative||:||Managing Director Jochen Boos|
|Business operations||:||Production and sales of polyamide fibers for airbags and tire cords, polyamide resin and polyester long fibers for industrial rubber products and wide and narrow fabrics for industrial use.|
(For contact: Public Relation, PHP Fibers, Tel. +49 (0)202 32-2540
<Outline of UTT>
|Corporate Name||:||UTT Technische Textilien GmbH & Co. KG|
|Headquarters||:||Robert-Steiger-Straβe 111, 86381 Krumbach, Germany|
|Representative||:||Managing Partner Wilfried Trumpp|
|Business operations||:||Production and sales of airbag fabrics, fabrics for car interiors, parachute fabrics, etc.|
<Outline of Indorama Ventures>
|Corporate Name||:||Indorama Ventures Public Co., Ltd.|
|Headquarters||:||Sukhumvit Soi 19, Bangkok 10110, Thailand|
|Representative||:||CEO Aloke Lohia|
|Business operations||:||Production and sales of purified terephthalic acid (PTA), PET, polyester, nylon and polypropylene fibers, ethylene oxide and ethylene glycol, etc.|
For more information, contact
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
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