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July 02, 2013

Toyoda Gosei to Enhance the Production Capacity of Airbags in Indonesia

Toyoda Gosei Co., Ltd.

P.T. Toyoda Gosei Safety Systems Indonesia (TGSSI), a subsidiary of Toyoda Gosei Co., Ltd. (Head Office: Kiyosu, Aichi Prefecture, President: Tadashi Arashima) producing safety system products in Indonesia, has decided to invest approximately 80 billion Indonesian rupiah (approx. 800 million yen1) in expanding its plant and installing new production equipment. By 2016, TGSSI plans to increase its annual production of airbags to approximately 1.5 million units and that of steering wheels to 800 thousand units, about 5 times and 1.5 times the current level respectively. Besides, TGSSI is hiring about 130 people to increase the number of its employees to approximately 220 by 2016. This is to respond to the increasing demand for airbags as the ASEAN NCAP2, targeted at ASEAN countries, has been introduced in Indonesia.

In addition, TGSSI held a commemorative ceremony on July 2 to celebrate the 10th anniversary of its foundation.

Aiming to become the customers' global supplier of choice, Toyoda Gosei Group will continue to meet the demands of the further growing Indonesian market.

Corporate Profile of TGSSI

1. Name P.T. Toyoda Gosei Safety Systems Indonesia (abbreviation: TGSSI)
         [P.T.: Perseroan Terbatas = a limited-liability joint-stock company]
2. Established December 2002
3. Location Bogor City, Indonesia (approx. 50km to the south of central Jakarta)
4. Capital 1.5 million US dollars
5. Investment ratio Toyoda Gosei Co., Ltd.: 80%, PT. ASTRA OTOPARTS TBK.: 20%
6. President Kenichi Sakamoto
7. Production items Safety system products [steering wheels, driver's seat, air bags, etc.]
8. Site area Approx. 18,000m2
9. Plant area 2013: Approx. 4,100m2
2016 (planned): Approx. 6,700m2
10. Employees 86 people as of March 31, 2013
2016 (planned): Approx. 220 people
11. Sales 2012: Approx. 90 billion Indonesian rupiah [about 900 million yen] 
2016 (estimate): Approx. 450 billion Indonesian rupiah [about 4.5 billion yen]

1 Exchange rate is calculated at ¥1 = 100 Indonesian rupiah.
2 “NCAP” stands for the New Car Assessment Program, or an automobile safety performance assessment program.