Toyoda Gosei to Establish New Airbag Plant in South China

Rhea-AI Summary

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.

Positive

• Establishment of a new plant in Guangdong Province to increase production capacity.
• New plant will utilize IoT and AI for efficient, environmentally-friendly manufacturing.
• Projected CO₂ emission reduction by over 50% by 2030 with eco-friendly technologies.
• Expected growth in sales of airbags due to heightened safety standards and increased automobile production in China.

Negative

• None.

KIYOSU, Japan--(BUSINESS WIRE)-- Toyoda Gosei Co., Ltd. (TOKYO:7282) will establish a new plant in Guangdong Province, China, to enhance its production network for airbags and steering wheels, its major products, in China, where the automobile market continues to grow.

Safety system product manufacturing locations in China (Graphic: Business Wire)

The new plant will be established as a branch plant of Toyoda Gosei Group company Toyoda Gosei (Foshan) Auto Parts Co., Ltd., with production planned to start around the summer of 2023. With this expansion, the company will raise its sales of airbags, for which there is growing demand due to strengthened safety systems in China, and the increasing automobile production in south China.

This plant will be established as a “smart plant” that pursues efficient and environmentally-friendly manufacturing. The status of processes from production to delivery will be grasped in real time with the use of IoT and AI. To contribute to carbon neutrality, the plant will use energy-saving production equipment and renewable energy. By 2030, this will reduce CO₂ emissions by more than 50% compared with conventional equipment.

New plant outline

Location		Shunde District, Foshan City, Guangdong Province
Land area		Approx. 54,000 m2
Bldg. area		Approx. 43,000 m2
Products		Safety System products (airbags, steering wheels, pop-up hood actuators)
Start of production		Summer 2023 (start of construction April 2022)
Employees		Approx. 280 (at start of operations)
Machinery/ equipment		Production equipment • Collaborative robots • Automatic guided vehicles Environmental equipment • Solar panels

Outline of Toyoda Gosei (Foshan) Auto Parts Co., Ltd.

Founded		October 2004
Capital		USD 19.1 million After capital increase: USD 70.5 million
Location		No. 3 Wusha Section, Shunpan Rd. Daliang town, Shunde, Foshan City, Guangdong Province, 528333, China
Employees		722 (as of Feb. 28, 2022)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220405005102/en/

Toyoda Gosei Co., Ltd.

Public Relations

Chihiro Suzuki

inquiry@mail.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.

FAQ

What is the stock symbol for Toyoda Gosei?

The stock symbol for Toyoda Gosei is TGOSY.

When is the production start date for the new plant in Guangdong?

The new plant in Guangdong is set to begin production around summer 2023.

What products will be manufactured at the new Toyoda Gosei plant?

The new Toyoda Gosei plant will manufacture airbags, steering wheels, and pop-up hood actuators.

How large will the new Toyoda Gosei plant be?

The new plant will cover an area of approximately 54,000 m².

What environmental measures will the new plant implement?

The new plant aims to reduce CO₂ emissions by more than 50% by 2030 using energy-saving production equipment and renewable energy.