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September 17, 2013

Toyoda Gosei to Own Sales and Engineering Company in Indonesia

Toyoda Gosei Co., Ltd.

In order to respond promptly to customer expectations in the growing and ever more competitive Indonesian market, Toyoda Gosei Co., Ltd. is making P.T. INOAC TG Indonesia (ITG) its subsidiary by October 31, 2013, thereby strengthening its operating base for automotive sealing products in the country.

ITG was established in 2004 through a joint investment from INOAC Corporation (INOAC) and Toyoda Gosei, and is selling weatherstrips and other automotive sealing products to manufactures operating in Indonesia.

Toyoda Gosei is increasing its investment ratio in ITG from 49% to 51% by purchasing 2% of the 51% share currently owned by INOAC for roughly 10 million yen. This involves the change of company’s name to P.T. TG INOAC Indonesia (TGII).

The company aim to increase its 2016 sales in Indonesia to 300 Indonesian rupiah, approximately 1.5 times the current sales amount.

About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi prefecture, Japan, Toyoda Gosei has grown as a distinguished manufacturer in the area of polymers (such as rubber and plastics) and optical semiconductors. Today, the company internationally provides a variety of automotive components and LEDs with its network of 60 group companies in 17 countries and regions worldwide. Through the development of unrivaled technologies for environmental protection, more comfortability and car safety, Toyoda Gosei aims to be a global supplier who brings happiness to customers around the world.

Profile of TGII

Company name P.T. TG INOAC Indonesia
(Currently, P.T. INOAC TG Indonesia)
Location Jakarta, Indonesia
Establishment February , 2004
Capital US$200,000
Investment Ratio - Toyoda Gosei : 51% (currently, 49%)
- INOAC           : 49% (currently, 51%)
Production items Automotive sealing products
Employees 1 employee (president) from Toyoda Gosei
3 employees from INOAC
Sales Approximately Rp 190 billion (1.9 billion) for FY2012