PHP Fibers Acquires German Airbag Fabric Maker

PHP Fibers GmbH, a German joint venture of the Toyobo Group, has agreed to acquire UTT Technische Textilien GmbH & Co. KG, a German airbag fabric maker operating globally with factories in Germany and Mexico.

In 2014, Toyobo Co., Ltd. acquired PHP, a maker of yarns for airbags with the second largest market share at that time, together with Thailand’s Indorama Ventures Public Co., Ltd., the largest polyethylene terephthalate (PET) producer in the world.

With the construction of a fabrics production plant by PHP in 2019, using Toyobo’s fabric production technologies, the Toyobo Group will be the only maker capable of supplying everything from yarn to fabrics for airbags, at five operational hubs around the world – Japan, Thailand, China, the U.S. and Europe.

UTT has advanced fabrics production technologies, such as air-jet looms, and now that the company is placed under the PHP umbrella, Toyobo will further strengthen its global production and supply system to meet the wide-ranging needs of clients.