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Express News | Toyota's textile subsidiary's automotive components company increased its capital to 0.51 billion, an increase of 183%.
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TB Kawashima has accepted investment from German AUNDE company, and will start anew as Aunde Textiles.
As announced on March 28, 2024 by TB Kawashima Co., Ltd., a consolidated subsidiary of Toyota Boshoku Co., Ltd. (Headquarters: Kariya City, Aichi Prefecture, President: Masayoshi Shirayanagi), accepted investment from AUNDE Achter & Ebels GmbH (Headquarters: Germany, hereinafter referred to as AUNDE), effective November 1. It became an equity method affiliate of Toyota Boshoku, changed its name to "Aunde Boshoku Co., Ltd." The new company inauguration ceremony was held on the same day, introducing a new star.
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