Toyobo

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Toyobo Co., Ltd.
東洋紡績株式会社
Company type
Public (K.K)
TYO: 3101
Nikkei 225 Component
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Headquarters2-8, Dojima Hama 2-chome, Kita-ku, Osaka 530-8230, Japan
Key people
Ryuzo Sakamoto
(Chairman of the board)
Seiji Narahara
(President)
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Number of employees
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WebsiteOfficial website
Footnotes / references
[1][2]

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Script error: No such module "Nihongo". is one of Japan's top makers of fibers and textiles, including synthetic fibers (polyester, nylon and acrylics) and natural fibers, such as cotton and wool.

History

Toyobo was established in 1882 by Eiichi Shibusawa as a cotton-spinning company in a context of post-Meiji Restoration. By the 1930s, Toyobo was the world's largest cotton-spinning company. In the 1960s, the company started to manufacture synthetic fibers and films.[3]

In August 2013, Toyobo bought the Spanish company Spinreact for 22.3 million euros.[4]

In 2015, Toyobo provided 40% of the yarn for airbags worldwide, and 50% of Japan's food packaging films.[3] In March 2017, Toyobo introduced Cocomi, a t-shirt that tracks a driver's heartbeats and activates an alarm if somnolence is detected.[5] In August 2017, Toyobo established a new group in Europe, Toyobo Chemicals Europe GmbH, with a focus on marketing specialty chemical products, and a new manufacturing base for airbag fabrics.[6]

In March 2018, Toyobo paid $66 million to settle a case of defective bulletproof vests sold to the US Government between 2001 and 2005.[7][8]

Activities

Toyobo's textiles are designed for clothing, home furnishings, and for industrial uses. Textiles include spandex yarn for apparel, polyurethane fiber for pantyhose, yarns for airbags and tire cords and synthetic fibers for apparel. Toyobo is also engaged in the spinning, weaving, knitting, dyeing, sewing, and the wholesaling and trading of textiles in Japan and internationally.[9]

Toyobo also manufactures plastic films, and resins. Biochemical products such as reagents, medical products (e.g. fiber membranes for artificial organs), and purification devices are also manufactured by the company.[10]

The company operates across Japan, China, South Korea, Singapore, Malaysia, Australia, United States, and Germany and is listed on the Tokyo Stock Exchange, being a component of the Nikkei 225 stock index.[11]

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See also

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References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Corporate Data". Toyobo. Retrieved March 3, 2015.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Company Snapshot". Bloomberg L.P. Retrieved March 3, 2015.
  3. ^ a b Page Module:Citation/CS1/styles.css has no content."Toyobo's turnaround has true Japanese spirit". Theworldfolio.com. 2015. Retrieved November 23, 2018.
  4. ^ Page Module:Citation/CS1/styles.css has no content."La japonesa Toyobo compra la empresa bioquímica española Spinreact". Finanzas.com (in español). August 2, 2013. Retrieved November 23, 2018.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Cocomi, un t-shirt qui vous empêche de vous endormir au volant". Tomsguide.fr (in français). March 18, 2017. Retrieved November 23, 2018.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Toyobo Adds Germany to Global Network With New Manufacturing Base for Airbag Fabrics". Japanchemicaldaily.com. August 25, 2017. Retrieved November 23, 2018.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Ray Downs (March 15, 2018). "Japanese firm to pay $66M for selling defective bulletproof vests to U.S." Upi.com. Retrieved November 23, 2018.
  8. ^ Page Module:Citation/CS1/styles.css has no content."Toyobo to pay $66 million in U.S. bullet-proof vest fraud case". Reuters.com. March 15, 2018. Retrieved November 23, 2018.
  9. ^ Page Module:Citation/CS1/styles.css has no content."東洋紡がグローバル戦略を加速させる 拠点として選んだカタルーニャ州". catalonia.com. Retrieved November 6, 2024.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Company Snapshot". Bloomberg Businessweek. Archived from the original on October 7, 2012. Retrieved March 3, 2015.
  11. ^ Page Module:Citation/CS1/styles.css has no content."Components:Nikkei Stock Average". Nikkei Inc. Retrieved March 3, 2015.

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