Toyoda Gosei North America has opened a new manufacturing company in central Mexico to meet strong car production in the country.
The new operation, Toyoda Gosei Irapuato Mexico (TGIMX), in Irapuato, Guanajuato State, will supply radiator grilles, console boxes, and other plastic parts to automakers in North America.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Toyoda Gosei already has three manufacturing firms in Mexico: TAPEX Mexicana, for safety systems such as airbags, Toyoda Gosei Automotive Sealing Mexico, for sealing products such as weatherstrips and Toyoda Gosei Rubber Mexico, for functional components such as automotive rubber hoses.
The fourth firm will bring coating and other plastic surface decorating technologies to the country, enabling Toyoda Gosei to supply plastic parts from a location closer to the international Japanese, American and European automakers there.
The first investment in TGIMX amounts to around US$67m and the company plans to hire 280 employees by FY2019, with the number increasing as the business expands.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
