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Toyoda Gosei Establishes Joint Venture for Rubber Hose Production in North India

December 08, 2014

Kiyosu,Japan, December 8, 2014: Toyoda Gosei Co., Ltd., the UNO MINDA (Minda), a major Indian automotive supplier, and Toyota Tsusho Corporation, a major Japanese trading company, signed an agreement in November 2014, to establish a joint manufacturing company inIndia. The new company, MINDA TG Rubber Pvt. Ltd. (MTG), is located in Bawal, Rewari district, Haryana, about 100 miles southwest of New Delhi, and is scheduled to start operation in September 2015. It will supply brake hoses and other automotive rubber hoses to automakers in the rapidly expanding Indian market to meet their need to procure these components locally.

Since 2011, Toyoda Gosei and Minda have been cooperating with each other through the  joint ownership of Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), which Toyoda Gosei originally established in 2008. It produces safety systems such as airbags and sealing products such as weatherstrips. The new joint venture will further strengthen the partnership between Toyoda Gosei and Minda and help both companies expand business in the growing market.

 

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 protection, Toyoda Gosei aims to be a truly global supplier that delivers the highest levels of satisfaction to customers worldwide.

 

Outline of MTG

Company name

MINDA TG Rubber Pvt. Ltd. (MTG)

Establishment

December 2014

Start of operation

September 2015 [planned]

Location

Bawal, Rewari district, Haryana, India

Capital

Rs350 million

Investment

Rs680 million

Owner

NK Minda Group: 51%
Toyoda Gosei Co., Ltd.: 44%
Toyota Tsusho Corporation: 5%

Products

Brake hoses, fuel hoses, and other automotive rubber hoses

Area

Land: Approximately 15,600 m2 / Plant: Approximately 6,200 m2

Employees

Approximately 140 in FY2019 [planned]

Sales

Approximately Rs1 billion for FY2019 [planned]

 

 

Locations of Toyoda Gosei Plants in India
Locations of Toyoda Gosei Plants in India

 

 

Outline of Minda

Company name

UNO MINDA (NK Minda Group)

Establishment

1958

Headquarters

Delhi

Representative

Nirmal K Minda (Chairman and Managing Director)

Business

Manufacture and Sales of automotive parts such as switches, lamps, batteries, door mirrors