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Bounded approximate identities and tensor products

The question has been raised [R.J. Loy, Bull. Austral. Math. Soc. 5 (1970), 253–260] as to whether the existence of a bounded (left) approximate identity in the tensor product A ⊗αB of Banach algebras A and B (for a a crossnorm on A ⊗ B ) implies the existence of a bounded (left) approximate identity in A and B. This is known [David A. Robbins, Bull. Austral. Math. Soc. 6 (1972), 443–445] to be the case for α equal to the greatest crossnorm. This paper answers the general question affirmatively.