To Dissolve Alabama Subsidiary That Sells Airbag Fabrics In North America, Due To Surge In Raw Materials, Labor Costs
28/07/2025 04:22
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 Further company coverage: 3101.T (Reporting by Kantaro Komiya) ((Kantaro.Komiya@thomsonreuters.com;))