Toyoda Gosei to Enhance Weatherstrip Production in Central China
Kiyosu, Japan, November 15, 2019: Toyoda Gosei Co., Ltd. will enhance the production of weatherstrips (rubber parts for automobile doors and windows) at Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co., Ltd. (TG Zheng Ao) in order to expand its automotive parts business in China, the world’s largest market.
TG Zheng Ao became a Toyoda Gosei affiliated company when the Toyoda Gosei Group invested in independent supplier Hubei Rock in December 2018. The company has supplied weatherstrips to Dongfeng Motor Corporation, one of China’s “Big Three” automakers, as well as to its joint ventures Dongfeng Honda Automobile Co., Ltd. and Dongfeng Peugeot-Citroën Automobile Co., Ltd., automakers in partnership with Honda Motor Company and Groupe PSA, respectively. With this expansion, Toyoda Gosei aims to make TG Zheng Ao a core location for growing the TG Group’s business in central China.
Weatherstrip production capacity at TG Zheng Ao will be roughly doubled from the FY2018 level with expansion of plant buildings and increase in production equipment, slated for completion in May 2021.
Outline of TG Zheng Ao
|1. Name||Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co., Ltd.|
|2. Location||Shiyan, Hubei, China|
|3. Founded||April 1995 (became subsidiary in December, 2018)|
|4. Capital||CNY46 million|
|5. Shareholders||Toyoda Gosei (China) Investment Co., Ltd., 60%
Hubei Zhengao Automotive Accessories Co., Ltd., 40%
(Opening trims, door weatherstrips, glass runs, etc.)
|7. Building area||Current: 17,400m2
After expansion: 31,600m2
|8. No. employees||September 2019: 227
End of December 2022: approx. 500 (planned)
Weatherstrip production network in China