Toyota Tsusho America and Modumetal have announced an agreement of a non-binding MoU for the establishment of a joint venture to deploy Modumetal’s patented nanolaminated alloy product NanoGalv, which can be used for industrial fastener and bolting applications. The joint-venture company will be known as ModuTAI, which plans a new production facility in Houston Texas in US. Final legal documentation is expected to be completed in 30-45 days
TAI is a wholly owned subsidiary of Toyota Tsusho Corporation, a Toyota Group company, located in Nagoya, Japan. Modumetal is pioneering the manufacture of a new class of nanolaminated metals with applications spanning energy, infrastructure, marine and automotive.
Source of information
