Toyoda Gosei to Establish a New Airbag Parts Plant in Vietnam
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. will establish a new plant in Vietnam to meet
growing demand for airbags as safety regulations become more stringent
in regions around the world.
The new plant will be established as a branch plant of Toyoda Gosei
subsidiary Toyoda Gosei Haiphong Co., Ltd. (TGHP), and will start
production of airbag parts and steering wheels in July 2019 for export
to final airbag assembly plants in Japan, North America, Europe, and
other regions. Investment for the new plant will be US$24.6 million and
construction will start in March 2018.
Airbags and other safety system products are a key business segment for
Toyoda Gosei, and the company is moving to strengthen its production
capacities for these products globally. Annual production capacity for
these products in Vietnam was 14.5 million airbag parts and 2.2 million
steering wheels in FY2016. The company plans to increase this to 23
million airbag parts and 3.2 million steering wheels by FY2023.
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Outline of new plant |
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| Name | Toyoda Gosei Haiphong Thai Binh Plant (provisional name) | |
| Location |
Tien Hai Industrial Park, Thai Binh Province, Socialist Republic of Vietnam |
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Start of production |
July 2019 | |
| Products | Safety systems (airbag parts, steering wheels) | |
| Area |
Land approx. 113,000 m2 |
Building approx. 20,800 m2 |
| No. of employees | Approx. 1,000 (as of March 31, 2021) |
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Outline of TGHP (reference) |
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| Name | Toyoda Gosei Haiphong Co., Ltd. | |
| Location | Haiphong, Socialist Republic of Vietnam | |
| Established | September 2004 | |
| Capital | US$50 million | |
| Shareholders |
Toyoda Gosei Co., Ltd. 95% |
Toyota Tsusho Corporation 5% |
| Products | Safety systems (airbag parts, steering wheels) | |
| No. of employees | 3,128 (as of March 31, 2017) | |
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.
Contacts
Toyoda Gosei Co., Ltd.
Takatomo Abe
[email protected]
