Toyoda Gosei Automotive Sealing Mexico, S.A. de C.V. (TGASMX), a Mexican subsidiary of Toyoda Gosei Co., Ltd., plans to increase its production capacity for weatherstrips to approximately 1.5 times the current level by 2020. This is being done to meet the growing demand for these parts as automobile production increases in North America, especially in Mexico.
In addition to increasing the amount of production equipment, TGASMX will acquire adjacent land and expand its plant building to introduce trial manufacture equipment for smooth production preparation. This will help us to establish a system to respond to the needs of customers with production in Mexico, where automobile production is growing rapidly, as well as in the entire North America region. The investment will be US$34.5 million (approximately 3.6 billion yen*).
*Calculated with US$1 = 105 yen
Outline of TGASMX
| 1. Company name | Toyoda Gosei Automotive Sealing Mexico, S.A. de C.V. |
| 2. Established | April 2008 |
| 3. Location | San Luis Potosi, Mexico |
| 4. Capital | US$49.5 million |
| 5. Equity shares | Toyoda Gosei North America Corporation (100%) |
| 6. Products | Weatherstrips (opening trim weatherstrips, door weatherstrips, door glass runs, other) |
| 7. Area | Land: 60,500m2 / Plant: 41,000m2 (Current) Land: 84,500m2 / Plant: 48,600m2 (After expansion) |
| 8. No. of employees | 910 (as of March 31, 2016) Approximately 1,450 (FY2020 forecast) |
| 9. Sales | Approximately US$60 million (FY2015 results) (Approximately 6.3 billion yen*) Approximately US$124 million (FY2020 forecast) (Approximately 13 billion yen*) |
