Notice regarding Acquisition of Remaining Shares in Toyobo Indorama Advanced Fibers to Achieve Full Ownership
Toyobo Co., Ltd. (the “Company”) resolved at a meeting of its Board of Directors held on August 25, 2026, to acquire the remaining 50% stake in the Bangkok-based Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), currently being held by Indorama Polyester Industries PCL (IPI). Upon completion of the acquisition, TIAF will become a wholly owned subsidiary of the Company. IPI, headquartered in Bangkok, is an affiliate of the Thai petrochemical giant Indorama Ventures PCL.
The Company announces that it has entered into an agreement with IPI today regarding the acquisition of IPI’s 50% stake in TIAF, as outlined below.
１．Reasons for the Acquisition
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In 2020, the Company established TIAF, an airbag yarn manufacturer, in Thailand as a joint venture with IPI to respond to growing global demand for airbags by effectively leveraging the resources of the Indorama Group and the Company. To reorganize and strengthen its airbag business, the Company has since reviewed its operational arrangements in the United States and China, and has accelerated the consolidation of these operations in Thailand*1. For example, the Company has built an integrated production system for airbag-related products in Thailand through TIAF and Toyobo Saha Safety Weave Co., Ltd. (TSSW), an airbag fabric production company. By entering into this agreement to acquire IPI’s 50% in TIAF, which will make TIAF a wholly owned subsidiary, the Company aims to further strengthen Toyobo Group’s integrated business management in the airbag sector through faster decision-making and optimal allocation of management resources. Going forward, the Company will continue to supply airbag-related products from its production base in Thailand to markets in Asia and beyond, while meeting the diverse needs of its customers. |
| *1 | Toyobo news release dated November 26, 2025 https://www.toyobo-global.com/news/2025/release_799.html |
２．Outline of the company to be wholly owned
| 1.Name | Toyobo Indorama Advanced Fibers Co., Ltd. |
| 2.Location | 75/92 Ocean Tower 2, 35th Floor, Soi Sukhumvit 19 Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand |
| 3.Representative | Arnaud Closson (IPI), Keisuke Sasaki (Toyobo) |
| 4.Business operations | Production and sales of airbag yarn |
| 5.Shareholding ratios | Toyobo 50%, IPI 50% |
| 6.Established | November 2020 |
３．Outline of the company from which the Company will acquire shares
| 1.Name | Indorama Polyester Industries PCL |
| 2.Location | Bangkok (head office), Rayong Province (factory),both Thailand |
| 3.Business operations | Production and sales of polyester products |
４．The Company’s shareholding before and after the acquisition of additional shares
| 1.Shareholding before the change | 50％ |
| 2.Percentage of shares to be acquired | 50％ |
| 3.Shareholding after the change | 100％ |
５．Schedule for share acquisition
| 1.Date of the board of directors' decision | August 25, 2026 |
| 2.Date of contract signing | August 26, 2026 |
| 3.Date of share acquisition | End of October 2026 (Scheduled) |
６．Impact on business performance
| The impact of this share acquisition on our non-consolidated and consolidated financial results is currently being evaluated. If any matters that require disclosure arise in the future, we will promptly announce them. |
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For more information, contact
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
MAILpr_g@toyobo.jp
Cautionary Statement
This website contains forward-looking statements that reflect Toyobo's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyobo's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.