Troy, Michigan (PRWEB) September 19, 2014
Troy, Michigan, September 19, 2014: Toyoda Gosei North America Corporation, a whole-owned subsidiary of Toyoda Gosei Co., Ltd., opened a new manufacturing company in central Mexico to meet a strong car production increase in the country. The new company, Toyoda Gosei Irapuato Mexico, S.A. de C.V. (TGIMX), located in Irapuato, Guanajuato State, Mexico, is scheduled to start operations in April 2016. It will supply radiator grilles, console boxes, and other plastic parts to automakers in the rapidly expanding North American market.
Toyoda Gosei already has three manufacturing firms in Mexico: TAPEX Mexicana, S.A. de C.V. (TAPEX) for safety systems such as airbags, Toyoda Gosei Automotive Sealing Mexico, S.A. de C.V. (TGASMX) for sealing products such as weatherstrips, and Toyoda Gosei Rubber Mexico, S.A. de C.V. (TGRMX) for functional components such as automotive rubber hoses. The fourth firm will bring coating and other plastic surface decorating technologies to the country, enabling Toyoda Gosei to supply value-added plastic parts from a location closer to the international Japanese, American, and European automakers there.
The first investment in TGIMX amounts to approximately $67 million. The company plans to hire approximately 280 employees by FY2019 and the number will increase with the expansion of the business.
About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei group provides a variety of high quality products internationally, with a network of 94 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental protection, Toyoda Gosei aims to be a truly global supplier of choice that delivers the highest levels of satisfaction to customers worldwide.
Outline of TGIMX
Company name: Toyoda Gosei Irapuato Mexico, S.A. de C.V. (TGIMX)
Establishment: August 2014
Location: Castro del Rio Techno Industrial Park, Irapuato, Guanajuato, Mexico
Capital: US$46.8 million
Investment: Approximately US$67 million
President: Atsushi Goto (currently President of Toyoda Gosei Kentucky, LLC
and Toyoda Gosei Rubber Mexico, S.A. de C.V.)
Owner: Toyoda Gosei North America Corporation 95%
Another company 5%
Products: Interior and exterior parts such as radiator grilles, console boxes,
and other plastic parts
Area: Land: Approximately 150,000 m2 / Plant: Approximately 37,000 m2
Employees: Approximately 280 in FY2019 [planned]
Sales: Approximately US$90 million for FY2019 [planned]