Toyobo is announcing the price increase of yarns and fabrics for automobile airbags as follows.

 The demand for Nylon 66, a main material for yarns and fabrics for automobile airbags, is on the rise as materials for industrial fibers and automobile parts. But since many plants that manufacture Nylon 66 resin and its raw materials had shut down due to severe winter weather in North America in February 2021, Nylon 66 has been considerably in short supply. In addition, the raw material price of Nylon 66 has soared to the highest price range due to hikes in current crude oil and natural gas prices.

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JUKI Joint venture to form new industrial sewing machine business

 JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation have agreed to establish a joint venture company to serve the industrial sewing machine market. Subject to approval by the relevant authorities, Meiryo Technica, a group company of Mitsubishi Electric which already operates in the industrial sewing machine industry, will establish a new company ,JUKI TechnoSolutions Corporationin which joint venture partner JUKI will hold 80% and Mitsubishi Electric will hold 20% ownership.

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