Aichi, Japan, January 11, 2005 - Toyoda Gosei
Co., Ltd. (president: Takashi Matsuura) today announced the establishment
of a new manufacturing subsidiary in San Antonio, Texas, U.S.A. Toyoda
Gosei Texas, LLC (TGTX) was set up on the property of Toyota Motor Manufacturing
Texas, Inc.(TMMTX), which is slated to start operations in 2006, targeting
the strengthening of relations in the region and improving the efficiency
of distribution systems. Seventeen other suppliers participated in the
project by building their plants on the premises. The new company, a
wholly owned subsidiary of Toyota Gosei North America, will produce for
TMMTX. Four executives have been appointed to the board of directors.
Established in January 2005, the plant is scheduled to commence production
in October 2006.
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