Japan's Toyobo Co: To Dissolve Alabama Subsidiary That Sells Airbag Fabrics In North America, Due To Surge In Raw Materials, Labor Costs
ReutersJul 28, 2025 3:24 AM
July 28 (Reuters) - Toyobo Co Ltd 3101.T:
JAPAN'S TOYOBO CO - TO DISSOLVE ALABAMA SUBSIDIARY THAT SELLS AIRBAG FABRICS IN NORTH AMERICA, DUE TO SURGE IN RAW MATERIALS, LABOR COSTS
TOYOBO - WILL SUPPLY AIRBAG-RELATED PRODUCTS FROM PRODUCTION BASE IN THAILAND TO NORTH AMERICA, EUROPE AND OTHER GLOBAL MARKET
TOYOBO - THE DISSOLUTION’S IMPACT ON TOYOBO’S SEPARATE AND CONSOLIDATED FINANCIAL RESULTS IS EXPECTED TO BE SMALL
Source text: https://www.toyobo-global.com/news/2025/release_775.html
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