Toyoda Gosei to Establish a New Airbag Parts Plant in Vietnam

KIYOSU, Japan--(BUSINESS WIRE)--Toyoda Gosei Co., Ltd. will establish a new plant in Vietnam to meet growing demand for airbags as safety regulations become more stringent in regions around the world.



The new plant will be established as a branch plant of Toyoda Gosei subsidiary Toyoda Gosei Haiphong Co., Ltd. (TGHP), and will start production of airbag parts and steering wheels in July 2019 for export to final airbag assembly plants in Japan, North America, Europe, and other regions. Investment for the new plant will be US$24.6 million and construction will start in March 2018.

Airbags and other safety system products are a key business segment for Toyoda Gosei, and the company is moving to strengthen its production capacities for these products globally. Annual production capacity for these products in Vietnam was 14.5 million airbag parts and 2.2 million steering wheels in FY2016. The company plans to increase this to 23 million airbag parts and 3.2 million steering wheels by FY2023.

 
 

Outline of new plant

 

 
Name   Toyoda Gosei Haiphong Thai Binh Plant (provisional name)
Location Tien Hai Industrial Park, Thai Binh Province, Socialist Republic of Vietnam

Start of production

July 2019
Products Safety systems (airbag parts, steering wheels)
Area

Land approx. 113,000 m2

 

Building approx. 20,800 m2

No. of employees   Approx. 1,000 (as of March 31, 2021)
 
 

Outline of TGHP (reference)

   
Name   Toyoda Gosei Haiphong Co., Ltd.
Location Haiphong, Socialist Republic of Vietnam
Established September 2004
Capital US$50 million
Shareholders

Toyoda Gosei Co., Ltd. 95%

 

Toyota Tsusho Corporation 5%

Products Safety systems (airbag parts, steering wheels)
No. of employees   3,128 (as of March 31, 2017)
 

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 preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.


Contacts

Toyoda Gosei Co., Ltd.
Takatomo Abe
inquiry@mail.toyoda-gosei.co.jp