Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, celebrates the completion of a plant to manufacture high-performance nylon yarn for automobile airbags.

The new plant in Rayong, Thailand, was constructed by Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), a joint venture that Indorama Ventures established with Toyobo Co., Ltd 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% to 4% annually as automakers equip vehicles with more airbags and emerging economies require cars to adopt more safety features.

The newly completed plant in Thailand will supply high-performance nylon yarn for automotive safety applications.

Test production is scheduled to start in October 2022 with the goal of starting commercial production in the middle of 2023.

Ikuo Takeuchi, President and Representative Director of Toyobo, and DK Agarwal, Indorama Ventures CEO, led the speeches at the ceremony in Rayong, witnessed by Takuro Tasaka, Minister of Embassy of Japan in Thailand and IVL representatives including Aloke Lohia, Group CEO, and Uday Gill, Chief Strategy Officer.

In 2014, Indorama Ventures and Toyobo jointly acquired Germany’s PHP Fibers GmbH, a leading airbag yarn maker. Since then, both companies have strengthened their relationship with a focus to expand in the automotive safety sector.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, celebrates the completion of a plant to manufacture high-performance nylon yarn for automobile airbags.

The new plant in Rayong, Thailand, was constructed by Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), a joint venture that Indorama Ventures established with Toyobo Co., Ltd 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% to 4% annually as automakers equip vehicles with more airbags and emerging economies require cars to adopt more safety features.

The newly completed plant in Thailand will supply high-performance nylon yarn for automotive safety applications.

Test production is scheduled to start in October 2022 with the goal of starting commercial production in the middle of 2023.

Ikuo Takeuchi, President and Representative Director of Toyobo, and DK Agarwal, Indorama Ventures CEO, led the speeches at the ceremony in Rayong, witnessed by Takuro Tasaka, Minister of Embassy of Japan in Thailand and IVL representatives including Aloke Lohia, Group CEO, and Uday Gill, Chief Strategy Officer.

In 2014, Indorama Ventures and Toyobo jointly acquired Germany’s PHP Fibers GmbH, a leading airbag yarn maker. Since then, both companies have strengthened their relationship with a focus to expand in the automotive safety sector.