Asia
Market Chatter: Wacoal Teams Up with BASF Unit for Automotive Interior Foray
Wacoal Holdings (TYO:3591) is set to foray into the automotive interior business through a partnership with German chemicals firm BASF's Japanese unit, Nikkei reported Thursday.The Japanese innerwear maker plans to use its proprietary resin molding technology to simplify the manufacturing process, with mass production targeted by 2030, the report said.Under the partnership, BASF will supply thermoplastic polyurethane for an automotive armrest model jointly developed with Wacoal, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
TYO:3591
