Toyoda Gosei Increases Interior/Exterior Part Production Capacity in USA

Rhea-AI Summary

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.

Positive

• Investment of approximately USD 40 million to expand production capacity.
• New facility in Indiana to boost production of radiator grilles and other parts.
• Incorporation of the latest energy-saving equipment for environmentally-friendly manufacturing.

Negative

• None.

KIYOSU, Japan--(BUSINESS WIRE)-- Toyoda Gosei Co., Ltd. (TOKYO: 7282) is expanding production capacity at TG Missouri Corporation, one of its American production subsidiaries, to further develop its production network in the key North American market.

Production network for interior/exterior parts in North America (Graphic: Business Wire)

In addition to expansion of TG Missouri’s Headquarters Plant (Perryville Plant), a new building has been purchased for the Indiana Plant, where injection molding machines, painting booths and other equipment will be installed to handle the growing sales of radiator grilles and other interior and exterior parts in the USA. The total investment will be approximately USD 40 million, and new facilities will be fitted with the latest energy-saving equipment to promote environmentally-friendly manufacturing.

Outline of TG Missouri

Name		TG Missouri Corporation		Established	April 1986
				Capital	USD 30 million
Shareholders		Toyoda Gosei North America Corporation 80%, Mitsui & Co., Ltd. 20% (Americas headquarters for Toyoda Gosei Group)
Plants		Perryville Plant (HQ)	Indiana Plant			Mississippi Plant
Location		Perryville, Missouri	New Albany, Indiana			Batesville, Mississippi
Products		Interior/exterior products (Radiator grilles, bumpers, etc.) Safety systems (Airbags, steering wheels)	Interior/exterior products (Instrument panel peripheral parts, registers, console boxes, etc.)			Interior/exterior products (Instrument panel peripheral parts, registers, console boxes, etc.) Safety systems (Steering wheels)
Area	Land	Approx. 995,000 m2	Approx. 64,000 m2 After expansion: Approx. 102,000 m2			Approx. 56,000 m2
	Buildings	Approx. 118,000 m2 After expansion: Approx. 120,000 m2	Approx. 16,000 m 2 After expansion: Approx. 26,000 m2			Approx. 9,000 m2
Employees		1,634 (as of July 31, 2021)	244 (as of July 31, 2021)			110 (as of July 31, 2021)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210912005062/en/

Toyoda Gosei Co., Ltd.

Contact: Chihiro Suzuki

inquiry@mail.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.