Related Keywords: boost sales in textile business, construct air bag fabric plant in Mexico, fabric used in automotive, first production facility in the Americas, global market for air bags is growing, make everything from nylon fibers to finished fabric, plans to expand air bag fabric operations toward this end, Toray Industries
Toray Industries aims to boost sales in its textile business to 1 trillion yen by around 2020 and has unveiled plans to expand air bag fabric operations toward this end. Toray plans to construct a air bag fabric plant in Mexico, fabric used in automotive air bags and Toray’s first production facility related to air bags in the Americas.
The roughly 10 billion yen ($100 million) plant, which will make everything from nylon fibers to the finished fabric, is slated to come onstream in fiscal 2017. This will increase the Japanese company's output capacity about 20%.
