Toyoda Gosei to Enhance Production Capacity for Interiors/Exteriors in US

KIYOSU, Japan--(BUSINESS WIRE)--Toyoda Gosei Co., Ltd. (TOKYO:7282) will enhance its production capacity for interior and exterior products at three production subsidiaries in the USA to keep up with growing sales of large products such as radiator grilles in North America.

The company will invest a total of USD60.3 million in three companies, Toyoda Gosei Texas LLC, TG Missouri Corporation, and TG Kentucky LLC by the end of FY2021. It will be used to expand plant buildings and increase equipment such as molding machines and painting equipment. With this investment, the Toyoda Gosei Group intends to grow North American sales of interior and exterior products to approximately JPY87 billion by FY2025, an increase of about 1.3 times over FY2018 sales.

Toyoda Gosei positions North America as a key market in its 2025 Business Plan, the company’s medium- and long-term business plan. The company will continue to expand its development and production network in the US in order to respond flexibly and rapidly to the needs of customers in this market.

Outline of three companies whose production capacities will be increased

1. Company name		Toyoda Gosei Texas, LLC	TG Missouri Corporation	TG Kentucky, LLC
2. Location		San Antonio, Texas	Perryville, Missouri	Lebanon, Kentucky
3. Founded		January 2005	April 1986	November 1997
4. Capital		USD22 million	USD30 million	USD54 million
5. Shareholders		Toyoda Gosei North America Corporation* 100%	Toyoda Gosei North America Corporation 80% Mitsui & Co., Ltd. 20%	Toyoda Gosei North America Corporation 100%
6. Land area		Approx. 120,000 m^2	Approx. 1,109,750 m^2	Approx. 327,750 m^2
7. Building area	After	Approx. 35,600 m^2	Approx. 91,500 m^2	Approx. 60,200 m^2
	Before	Approx. 23,400 m^2	Approx. 85,600 m^2	Approx. 58,500 m^2
8. No. of employees		455	2,107	1,134
9. Products		Interior/exterior products	Interior/exterior products Safety system products	Interior/exterior products Functional parts
Investment amount	Breakdown	USD35.1 million	USD17 million	USD8.2 million
	Total	USD60.3 million

* Toyoda Gosei North America Corporation is a full subsidiary of Toyoda Gosei Co., Ltd. and headquarters for the Americas.