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Daicel Corp (4202.T)

4202.T on Tokyo Stock Exchange

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Fri, May 19 2017

UPDATE 1-Daicel, Toyota affiliate plan capital tie-up to expand air bag businesses

TOKYO, May 19 Japanese chemicals maker Daicel Corp and auto parts maker Toyoda Gosei Co said on Friday they will invest 1 billion yen ($8.98 million) in each other's equity, deepening ties as both companies expand their global air bag businesses.

BRIEF-Toyota Gosei agrees on capital alliance of cross-holding shares with Daicel Corp

* Says it has agreed on a capital alliance with Daicel Corp for mutual business improvement through cross holding shares

Daicel, Toyoda Gosei plan capital tie-up to boost cooperation

TOKYO, May 19 Japanese chemicals maker Daicel Corp and auto parts maker Toyoda Gosei Co said on Friday they will invest 1 billion yen ($8.98 million) in each other's equity to build cooperation in the areas of auto safety parts and new materials. ($1 = 111.3300 yen) (Reporting by Junko Fujita; Editing by Muralikumar Anantharaman)

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