Toyota Tsusho, Toyobo to Start Airbag Venture in China
Toyota Tsusho, an affiliate of Toyota Motor Corp. (7203), will take a 30 percent stake in the venture, and Toyobo, a synthetic fiber maker, will hold 70 percent, according to a statement on Toyota Tsusho’s website today. The venture plans to start production in Jiangsu province in April 2012, the statement said.
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