|
|
Article: Autoliv Starts Joint Venture in Japan.
- Article from:
- PR Newswire
- Article date:
- October 20, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
STOCKHOLM, Sweden, Oct. 20 /PRNewswire/ -- Autoliv Inc. (NYSE: ALV; SSE: ALIV), a worldwide leader in automotive safety systems, has entered into an agreement to form a joint venture in Japan with the chemical company NOF for the manufacture of inflators for airbags. The inflators, which will be based on Autoliv's technology, will be produced in a new plant currently under construction in Taketoyo, 40 km from Nagoya. Autoliv will hold 60 percent of the shares in the joint-venture company Autoliv-Nichiyu Co. Ltd. Production will start next year.
"This is yet another example of Autoliv's commitment to the Japanese car industry," said Autoliv's Chairman and Chief ...