Toyoda Gosei to Enhance Production Capacity for Safety Systems in Brazil

Rhea-AI Summary

Toyoda Gosei Co., Ltd. (TOKYO:7282) is expanding its production capacity at GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda. in Brazil to meet increasing demand for airbags and other safety systems in South America.

The initiative includes building expansion and installing new production equipment, with an investment of BRL56 million (approximately JPY1.4 billion). The facility, established in 2015, focuses on automotive parts, particularly interior and exterior products and safety systems.

Positive

• Expansion of production capacity at GDBR in Brazil strengthens market position in South America.
• Investment of BRL56 million indicates confidence in growing demand for safety systems.
• Focus on safety systems aligns with increasing automotive safety regulations.

Negative

• None.

Growing sales of airbags and steering wheels

KIYOSU, Japan--(BUSINESS WIRE)-- Toyoda Gosei Co., Ltd. (TOKYO:7282) will enhance the production capacity at its Group company in Brazil, GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda. (GDBR), in order to keep pace with the growing sales of airbags and other safety systems in South America.

After completion of new wing (Graphic: Business Wire)

Toyoda Gosei will expand the GDBR plant building and install airbag and steering wheel production equipment to raise production capacity, while also seeking to improve productivity by optimizing the layout of the entire manufacturing facility.

The Toyoda Gosei Group began producing automotive parts at GBDR, its first location in Brazil, in 2015. Since then, it has increased production and sales centered on interior and exterior products and door and window sealing rubber products (weatherstrips). It will continue to meet the needs of automakers and grow its business in the South American market, where sustained growth is expected, with a special focus on safety systems, one of the company’s major products.

		Outline of GDBR
		Established		March 2013
		Location		Itapetininga, Sao Paulo, Brazil
		Capital		BRL90 million → BRL118 million after capital increase
		Land area		Approx. 220,000 m2
		Bldg. area		Approx. 18,000 m2 → Approx. 22,800 m2 after expansion
		Products		Safety systems (driver & passenger-side airbags, side airbags, steering wheels)
				Interior products (instrument panel components)
				Weatherstrips (glass runs, door weatherstrips)
		No. of employees		449 (as of January 31, 2023)
		New equipment		Airbag assembly machines, steering wheel molding/assembly machines
		Investment amount		BRL56 million (approx. JPY1.4 billion calculated at BRL1 = JPY25)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005001/en/

Toyoda Gosei Co., Ltd.

Contact: Public Relations

Chiaki Toyoda

inquiry@mlist.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.

FAQ

What is Toyoda Gosei expanding in Brazil?

Toyoda Gosei is expanding its production capacity at GDBR in Brazil to meet rising demand for airbags and safety systems.

How much is Toyoda Gosei investing in Brazil?

Toyoda Gosei is investing BRL56 million (approximately JPY1.4 billion) in the expansion.

When was the GDBR plant established?

The GDBR plant was established in 2015.

What products will be produced at the GDBR plant?

The GDBR plant will produce airbags, steering wheels, and other safety systems.

What are the expected benefits of the GDBR expansion?

The expansion aims to improve production capacity and productivity to meet the growing automotive market in South America.