Toyoda Gosei has said it will invest USD$59.9M to increase production capacity at two of its American subsidiaries, TG Missouri Corporation (TGMO) and TG Kentucky, LLC (TGKY).
This is to keep pace with growing sales of interior and exterior automotive parts in the key North American market, it says.
In line with Toyoda Gosei’s 2030 Business Plan, North America is a key market.
In the coming years, automakers are expected to introduce more diverse lineups of vehicle types. To accommodate these, Toyoda Gosei says it will establish a network that can provides products with a wider range of variations.
