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Company Name : Toyoda Gosei Co., Ltd.

Monday, May 22, 2017 10:30AM IST (5:00AM GMT)

(BW)(TOYODA-GOSEI-CO.,-LTD.)

Toyoda Gosei Establishes New Automotive Parts Plant in Gujarat, India


Kiyosu, Japan

Toyoda Gosei Co., Ltd. is establishing a new plant to meet growing automobile production in India and the expected increase in demand for airbags as stricter safety regulations are adopted.
 

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51560859&lang=en

 

Rendering of Toyoda Gosei's Gujarat Plant (Graphic: Business Wire)

Rendering of Toyoda Gosei's Gujarat Plant (Graphic: Business Wire)

The new plant is located in the western Indian state of Gujarat. It will be a branch plant of Toyoda Gosei Minda India Private Limited (TGMIN), a subsidiary of Toyoda Gosei. The new Gujarat Plant will begin supplying airbags, weatherstrips and other automotive parts to Suzuki Motor Gujarat (SMG) in the second half of fiscal 2018. The investment in the production facility is 732 million rupees.
 

Toyoda Gosei views India as an important market, and has been expanding production capacity in the country. After the new plant comes on line, Toyoda Gosei will have a production network of five plant locations in India. Total sales in India were approximately 14 billion JPY in FY2016, and the company aims to expand this 1.4-fold to approximately 20 billion JPY by 2021*1.

 

*Calculated at 1 rupee = JPY1.6

 

Outline of Gujarat Plant (New Plant)

  1. Plant name   Toyoda Gosei Minda India Gujarat Plant
  2. Location   Mandal, Gujarat, India (approx. 30 km from SMG)
 

3. Start of production

  Second half FY2018
  4. Capital expenditure   732 million rupees
  5. Products  

Safety systems (airbags, steering wheels)
Weatherstrips etc.

  6. Area  

Land: Approx. 20,000 m2
Buildings: Approx. 8,500 m2

  7. No. of employees   Approx. 330 (predicted as of end of March 2021)
  8. Sales   Approx. 2.5 billion rupees (forecast for FY2021)
   

Outline of TGMIN (reference)

 

1.

 

Company name

  Toyoda Gosei Minda India Private Limited
 

2.

 

Location
(Headquarters plant)

  Neemrana, Rajasthan, India
 

3.

 

Established

  April 2008
 

4.

 

Capital

  3.29 billion rupees
 

5.

 

Shareholders

 

Toyoda Gosei Co., Ltd.
Minda Investments Limited
Toyota Tsusho Corp.

 

6.

 

Products

 

Safety systems (airbags, steering wheels)
Weatherstrips etc.

 

7.

 

No. of employees

  1,324 (as of March 2017)
 

8.

 

Sales

 

Approx. 3.9 billion rupees (FY2016 results)
Approx. 8.0 billion rupees (FY2021 forecast)

   

About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei Group provides a variety of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.

 

 

 

  Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51560859&lang=en


Click here for Media Contact Details
CONTACTS : Toyoda Gosei Co., Ltd.Takatomo Abeinquiry@mail.toyoda-gosei.co.jp

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