#Nonwovens / Technical Textiles

2019-09-05

Toray agrees to acquire Alva Sweden AB

Toray Industries, Inc. announced that it has concluded an agreement with AB Anders Westerlind to decision to purchase all of the shares of Alva Sweden AB (“ASE”), a manufacturer of cushions for automotive airbag systems, and acquire ASE and its two subsidiaries, Alva Confecções S.A. of Portugal and Alva Tunisia SA of Tunisia (these three entities are hereafter collectively referred to as “Alva”). AB Anders Westerlind wholly owns ASE. The transaction would close soon after required official procedures are completed.

1. Market Background

The global airbag market is steadily growing. Demand continues to expand supported by tightening of vehicle safety regulations in leading nations together with increasing employment of this safety equipment in the emerging nations. Another positive factor is that requirement for higher performance airbags is rising with the emergence of next-gen vehicles equipped with self-driving and other new technologies which should cause a commensurate need for greater safety.

Toray’s airbag business encompasses nylon fiber production operations in Japan, Thailand, and Mexico and fabric manufacturing sites in Japan, Thailand, China, the Czech Republic, India, and Mexico. The company is taking advantage of the competitiveness of its integrated fiber and fabric capabilities and the global production and sales structure to supply airbag fabric of the same quality from all production sites in a timely manner.

Alva has manufactured cushions for automotive airbag systems in Europe since 1997. It has earned an outstanding reputation among leading European module manufacturers for its own technologies and manufacturing expertise with state-of-the-art facilities.

2. Acquisition Backdrop and Goals

Toray has built positive ties with Alva over the years by supplying it with fabric. The acquisition agreement was the fruit of discussions between the two companies that started in 2018. This was in light of Toray’s desire to accelerate advances in its integrated operations by entering more downstream business of cushions and extending its supply chain, thereby driving ongoing growth in the airbag business in response to the market changes outlined above.

The acquisition should enable Toray to enhance direct relationship and dealings with module manufacturers and, through them, with automakers, and should enable it to swiftly identify the latest airbag development trends and customer needs. Toray also looks to incorporate Alva’s cushion-manufacturing expertise in fabric design to bolster its product development and proposal capabilities by drawing on more robust fiber, fabric, and sewing integration. The company thereby aims to help materialize high-performance airbags by heightening its presence among module manufacturers and automakers.

Toray seeks to further expand its business to capitalize on vigorous demand and needs in the highly promising airbag market.

Toray Industries and MAS Holdings announce Joint Venture in Odisha, India

Toray Industries (H.K.) Ltd., has officially entered a joint venture with South Asia’s largest apparel manufacturer MAS Holdings, marking a unique opportunity to enhance the two companies’ supply chain capabilities and pursue product manufacturing within and for the fast-growing Indian market. The joint venture, operating under the name Toray MAS Apparel India, will see the establishment of a new manufacturing facility at the MAS Apparel Park Bhuinpur in Odisha, India, which is currently under development.

ANDRITZ sets focus on textile recycling and durable nonwoven production technologies at ITMA Asia 2025

International technology Group ANDRITZ will be presenting its innovative nonwovens production and textile solutions at ITMA ASIA + CITME 2025 in Singapore, from October 28 to 31, 2025 (Hall 2, D106). ANDRITZ will showcase its MMCF production plants, textile sorting and recycling, bast fiber processing, needlepunch, airlay, and life-cycle service technologies, with a focus on sustainable solutions. Discover how these innovations can grow your business opportunities and support a greener future.

OUTLOOK™ 2025: Charting a sustainable and innovative future for the Nonwovens Industry

EDANA concluded its flagship event, OUTLOOK™ 2025, last week, marking it as a major success and addressing the biggest questions facing the industry. The three-day conference highlighted the urgent need for a unified approach to sustainability, regulation, and innovation in the absorbent hygiene and wipes sectors.

Global Nonwovens Alliance unveils Inaugural Board, advancing collaboration and growth worldwide

The Global Nonwovens Alliance (GNA), a tax-exempt federation jointly founded by INDA, the Association of the Nonwoven Fabrics Industry, and EDANA, the Voice of Nonwovens, announces the appointment of its founding Board of Directors. This group of leaders represents some of the most influential executives across the nonwovens value chain and reflects GNA’s mission to foster global collaboration, innovation, and growth in the industry.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.