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Toyoda Gosei's subsidiary, TG Zheng Ao, has relocated to a new, larger manufacturing plant in Shiyan, Hubei, China, officially inaugurated on July 13. The new facility increases land area from approximately 14,000 m² to 60,000 m², enabling enhanced production capacity to meet growing customer demand. The move follows prior expansions in June 2021 aimed at improving operational efficiency. President Toru Koyama emphasized the company's commitment to local economic growth through this expansion, enhancing their role in the regional automotive supply chain.
Toyoda Gosei Co., Ltd. (TOKYO:7282) is investing in Wuhan Binyu Auto. Part Co., Ltd. to enhance its automotive parts supply chain in central China. This investment aims to boost sales by combining Toyoda Gosei’s engineering strengths with Ningbo Yibin's established partnerships with local automakers. The company now owns 34% of Wuhan Binyu, which specializes in interior and exterior automotive parts, enhancing its presence in a crucial manufacturing region.
Toyoda Gosei Co., Ltd. has developed a cellulose nanofiber (CNF)-reinforced plastic aimed at reducing CO2 emissions throughout the lifecycle of automotive components. This innovative material is significantly lighter and stronger than steel, allowing for thinner designs and reduced weight, which contribute to lower CO2 emissions during vehicle operation. The CNF-reinforced plastic comprises 20% CNF combined with polypropylene, enhancing recycling while maintaining structural integrity. The project aligns with efforts to promote environmental sustainability in the automotive sector.
Toyoda Gosei Co., Ltd. has announced the establishment of a new plant in Guangdong Province, China, to enhance production for airbags and steering wheels amid growing demand in the automobile market. Set to start operations in summer 2023, the new facility will utilize IoT and AI for efficient manufacturing and aims to significantly reduce CO2 emissions by over 50% by 2030. The smart plant will cover approximately 54,000 m2 and employ around 280 staff, contributing to the company's objectives of accommodating increasing automobile production in southern China.
Toyoda Gosei Co., Ltd. and Osaka University have successfully developed a method to produce over 6-inch gallium nitride (GaN) substrates, the largest in the world. This innovation, funded by the Japanese Ministry of the Environment, aims to enhance the efficiency of GaN power devices used in various industries and support carbon neutrality efforts. By utilizing the sodium flux method for crystal growth, the collaboration seeks to improve substrate quality for mass production, thereby reducing power loss in renewable energy solutions and electric vehicles.
Toyoda Gosei Co., Ltd. (Tokyo:7282) has invested in E-ThermoGentek Co., Ltd., a startup specializing in thermoelectric power generation technology. This investment, made in August 2021, aligns with Toyoda Gosei's goal of achieving carbon neutrality by 2050. The collaboration aims to develop power generation systems that utilize thermal energy from rubber and plastic processing, enhancing energy efficiency through renewable sources.
Toyoda Gosei Co., Ltd. is expanding its production capacity at TG Missouri Corporation in the U.S. to enhance its North American manufacturing network. A new facility is being established in Indiana with a total investment of approximately USD 40 million. This expansion reflects the company's commitment to meeting growing sales for radiator grilles and other interior/exterior parts while integrating energy-saving technologies to support eco-friendly manufacturing.
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