The Woodbridge Group and INOAC Corporation form Woodbridge INOAC Technical Products™, a new Joint Venture in North America and South America
Mississauga, ON, Tokyo, JP [January 31, 2018] – The Woodbridge Group and INOAC Corporation of Japan are pleased to announce a new equal joint venture taking effect on January 31, 2018.
All of the Technical Foam facilities of The Woodbridge Group and INOAC in North America and South America, including those located in Chattanooga, TN, Springfield, KY, Moonachie, NJ and Monterrey, MX, will operate under the name Woodbridge INOAC Technical Products™.
We are also pleased to announce the expansion of our existing Flexible Foam and Lamination joint venture in North America to include Olympic Products LLC. This facility in Greensboro, NC joins the existing operations in El Paso, TX (El Paso Lamination LLC and SW Foam LLC) and Saltillo, MX (Saltillo Lamination, S.A. de C.V.).
The Woodbridge INOAC relationship has spanned more than three decades; with remarkable success in the Automotive Flexible Foam and Lamination markets. This new collaboration brings valuable, sustainable technology solutions to the Technical Foam marketplace.
Charles Daly, President & Chief Executive Officer, The Woodbridge Group, states, “We are excited about expanding our longstanding partnership with INOAC to support our valued customers. The technical merits of both organizations allow us to deliver further innovations to these dynamic markets.”
Kenjiro Miwa, Representative Director, INOAC Corporation comments, “Our commitment to bring new and innovative products to the market can be realized through the synergies of this union with Woodbridge. We look forward to expanding our fruitful partnership and enhancing our customer’s experience.”
The Woodbridge Group, a privately-owned company, offers innovative material technologies for applications in automotive, commercial, recreational, packaging, healthcare and building products. In the nearly 40-year span from its first plant in Woodbridge, Canada, The Woodbridge Group has grown with operations in all the major manufacturing regions of the world. In addition to its manufacturing operations, Woodbridge offers a full complement of services including: chemical research and development, product and process engineering, tooling, technical support and accredited laboratory testing.
INOAC Corporation, a privately-owned company, was founded in 1926 in Nagoya, Japan as a manufacturer of tires and tubes for bicycles. Since that time, INOAC has become a leading innovator of materials-based solutions that include polyurethane technology, rubber, plastics and composite materials that contribute to a diverse industry base that includes automotive, electronics, building materials, home furnishings, consumer products and healthcare.
The Woodbridge Group is a privately-owned Canadian company with 63 facilities operating in 21 countries, and is a global leader in the development and production of polyurethane products. Automotive applications include components for seating, structural support, occupant protection, headliner systems and acoustical management, as well as a full range of value added services including engineering and design, supply chain management, assembly, sequencing and JIT delivery solutions. For more information, visit www.woodbridgegroup.com.
INOAC Corporation is a privately held Japanese Corporation with over 140 facilities operating in 14 countries in Japan, China, Southeast Asia and North America. As a pioneer in polyurethane technologies starting in the 1950’s, INOAC has been an innovator in material technologies in polyurethanes, plastics, elastomers and advanced materials for over six decades for a wide range of industries and applications. For more information, visit www.inoac.co.jp/en/