Toyoda Gosei Co., Ltd. will purchase a stake in plastic auto parts maker Pecval Industria Ltda. (Indaiatuba, Sao Paulo, Brazil), a producer of plastic interior and exterior parts for automobiles. This will strengthen Toyoda Gosei’s business foundation in the growing market of Brazil.
Pecval is a wholly owned subsidiary of Shimizu Industry Co., Ltd. (Kariya, Aichi Prefecture, Japan; President: Tamotsu Inoue. Shimizu Industry is a subsidiary of Denso Corporation [equity stake 54%]). Toyoda Gosei will acquire equity in Pecval from Shimizu Industry after completing the necessary procedures. The capital investment is scheduled for October 2015, and will give Toyoda Gosei a 30% equity stake.
With this strategic move, Toyoda Gosei will be able to supply automakers from two production locations in Brazil: Pecval and GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda. (Itapetininga, Sao Paulo), a Toyoda Gosei subsidiary that began production in December 2014.
Outline of Pecval Industria
- Company name: Pecval Industria Ltda.
- Location: Indaiatuba, Sao Paulo, Brazil
- President: Katsuyuki Ohsaki
- Date established: November 1997
- Equity stakes (after capital participation): Shimuzu Industry Co., Ltd. 70%; Toyoda Gosei 30%
- No. of employees: 165 (as of June 2015)
- Production items: Plastic automotive interiors and exteriors parts such as instrument panel components, radiator grilles, and other plastic parts
- Sales: Approx. US$ 27million (FY2014)
