Kiyosu, Japan (PRWEB) August 25, 2016
Toyoda Gosei Automotive Sealing Mexico, S.A. de C.V. (TGASMX), a Mexican subsidiary of Toyoda Gosei North America Corporation, will increase its weatherstrip production capacity approximately 50 percent by the year 2020. This growth will help TGASMX meet the rising demand caused by increasing automobile production in North America, and especially in Mexico.
In addition to increasing capacity, TGASMX will acquire land adjacent to the current building to add approximately 20 percent to its footprint. The expansion will allow for the introduction of trial manufacture equipment into the facility, helping to improve the pre-production processes as well as team member training.
The investment in these improvements will be $35.5 million.
Outline of TGASMX
Company name: Toyoda Gosei Automotive Sealing Mexico, S.A. de C.V.
Established: April 2008
Location: San Luis Potosi, Mexico
Capital: US$49.5 million
Equity Shares: Toyoda Gosei North America Corporation (100%)
Products: Weatherstrips (opening trim weatherstrips, door weatherstrips, glass runs, other)
Area Land: 60,500m2 / Plant: 41,000m2 (Current)
Land: 84,500m2 / Plant: 48,6000m2 (After expansion)
Employees: 910 (as of March 31, 2016); approximately 1,450 (FY2020 forecast)
Sales: Approximately US$60 million (FY2015) (Approximately 6.3 billion yen*); Approximately US$124 million (FY2020forecast) (Approximately 13 billion yen*)
About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty 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 approximately 100 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 preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.