Toyota Boshoku has established a new vehicle interior components company, Toyota Boshoku Lao. This is its first factory in Laos.
The new company will be a satellite complementing the group factory in Thailand and start producing interior components such as seat covers in April 2014, shipping them to seat factories in Thailand.
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- Company name: Toyota Boshoku Lao
- Location: Savannakhet province, Lao People’s Democratic Republic
- Representative: Shinichi Yamanouchi, president
- Date established: April 2013
- Capital: Approximately US$5.6m
- Ownership: Toyota Boshoku Asia (90%), Toyota Tsusho Asia Pacific (7%), Toyota Tsusho (3%)
- Products: Automobile interior components including seat covers
- Production capacity: 200,000 units/year
- Production (scheduled): April 2014
- Site area: Approximately 80,000 sq m
- Building area: Approximately 7,000 sq m
- Investment: Approximately $5.6m
- Number of employees: Approximately 180 from SOP
