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Toray Completes Acquisition of Alva Sweden AB

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Jan. 8, 2020

Toray Industries, Inc.

January 8, 2020, Tokyo – Toray Industries, Inc. today announced that it completed procedures to acquire all of the issued and outstanding shares of Alva Sweden AB, a manufacturer of cushions for automotive airbag systems, on January 7. Toray announced its intention to make this purchase on August 28, 2019.
Alva Sweden AB retains its company name.

Profile of Alva Sweden AB
1. Headquarters locationVästra Götaland County, Mölndal, Sweden
2. CEOLars Westerlind
3. Establishment1948 (initiating cushion production for automotive airbag systems in 1997)
4. BusinessSelling cushions for automotive airbag systems
5. Production units(1)Alva Confecções S.A.
  ・Headquarters location: Sintra, Portugal
  ・Business: Airbag cutting and sewing and sales
(2) Alva Tunisia SA
  ・Headquarters location: Ariana, Tunisia
  ・Business: Airbag cutting and sewing