Toyoda Gosei to Invest in Interior and Exterior Parts Manufacturing Company in Central China

KIYOSU, Japan--(BUSINESS WIRE)-- Toyoda Gosei Co., Ltd. (TOKYO:7282), through its regional headquarters in China, Toyoda Gosei (China) Investment Co., Ltd. (TG China), is investing in Wuhan Binyu Auto. Part Co., Ltd. This move will strengthen Toyoda Gosei’s supply system for interior and exterior automotive parts in central China.

Production locations for interior and exterior products in China (Graphic: Business Wire)

Wuhan Binyu is a production company in the Yibin Group (Ningbo Yibin Electronic Technology Corp.) that supplies interior and exterior automotive parts in China’s major automobile manufacturing regions (north China, south China, central China). It provides console boxes and cockpit components to Dongfeng Honda Automobile Co., Ltd. and Dongfeng Motor Co., Ltd. (Dongfeng Nissan) in central China. With this investment, the Toyoda Gosei Group aims to grow its sales in China by merging its engineering and production expertise as a global supplier of plastic parts with the business partnership that Ningbo Yibin has built over many years with automakers in China.

Outline of Wuhan Binyu (investee company)
Company name	Current: Wuhan Binyu Auto. Part Co., Ltd. New: Yibin Toyoda Gosei (Wuhan) Auto Parts Co., Ltd.
Location	Wuhan, Hubei, China
Established	June 2013
Capital	CNY 20.0 million
Shareholders	Current: Ningbo Yibin 100% New: Ningbo Yibin 66% Toyoda Gosei (China) Invest. Co., Ltd. 34%*
Products	Interior and exterior products (consoles, registers, more)
Land area Building area	Approx. 27,000 m2 Approx. 32,000 m2
No. employees	174 (as of May 31, 2022)

* TG China purchased 34% of shares from Ningbo Yibin for approx. JPY 350 million. Calculated at 1 Chinese yuan = 17.5 Japanese yen

Outline of Ningbo Yibin
Name	Ningbo Yibin Electronic Technology Corp.
Location	Ningbo, Zhejiang, China
Established	August 2006
Capital	CNY 92.80 million
Shareholders	Wang Jianhua, others
Products	Interior and exterior products
No. employees	2,203 (as of May 31, 2022)

 

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Toyoda Gosei Co., Ltd.

Public Relations

Chihiro Suzuki

inquiry@mlist.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.