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May 07, 2014

Toyoda Gosei to Install New Plant in East Japan

Toyoda Gosei Co., Ltd.

TG East Japan Co., Ltd., a subsidiary of Toyoda Gosei Co., Ltd., plans to install a new plant in Kurihara City, Miyagi Prefecture, about 30 miles north to Sendai City. Its aim is to meet Toyota Motor's needs to procure automotive components in the Tohoku region. The new plant is scheduled to start operation in June 2015, to supply weatherstrips and airbags for Toyota Motor East Japan, Inc. Toyoda Gosei hopes that the establishment of the new plant can also help the region to recover from damages caused by the 2011 Earthquake and Tsunami by offering jobs to local people.

TG East Japan was established in January 2013 as the headquarters of Toyoda Gosei's business operation in East Japan. The company will increase its capital from ¥20 million (US$200,000) to ¥490 million (US$4,900,000). In April 2015, it will change its name to Toyoda Gosei East Japan Co., Ltd., and will incorporate the Iwate Plant, which currently belongs to Toyoda Gosei Co., Ltd. These developments will help Toyoda Gosei to establish a firmer foothold and expand its automotive components business in East Japan.

About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading manufacturer of rubber and plastics polymers and optical semiconductors. Today, the company provides a variety of automotive components and LEDs internationally with a network of 94 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and outstanding technologies for automobile safety, comfort, and environmental protection, Toyoda Gosei aims to be a global supplier of choice that delivers the highest level of satisfaction to customers around the world.

Outline of Toyoda Gosei East Japan

Company name Toyoda Gosei East Japan Co., Ltd. [currently, TG East Japan Co., Ltd.]
Establishment January 2013
Location Honmachi-20, Furukawaaraya, Osaki, Miyagi Prefecture, Japan
Capital ¥490 million (US$4,900,000) [currently, ¥20 million (US$200,000)]
President Akira Nakata
Owner 100% owned by Toyoda Gosei Co., Ltd.
Products Automotive sealing products such as weatherstrips and glass runs, and 
automotive safety products such as steering wheels and airbags
Employees Approximately 200 in FY2018 [5 in FY2013]
Sales Approximately ¥5 billion (US$500 million) for FY2018 [planned]

Outline of the New Plant

Plant Name Miyagi Plant of Toyoda Gosei East Japan [planned]
Location Takashimizu, Kurihara, Miyagi Prefecture, Japan
Area Land: Approximately 16,500 m2 / Plant: Approximately 9,600 m2
Investment Approximately ¥2.9 billion (US$29 million)
Employees Approximately 110 in FY2018 [planned]



Image of the Miyagi Plant

Image of the Miyagi Plant