In light of automotive production growth in the North America, Toyoda Gosei Co., Ltd. is establishing a new plant for automotive interior and exterior components in Stratford, Ontario, Canada.
The new plant, a branch plant of our subsidiary TG Minto Corporation (“TG Minto”), supplies interior and exterior components to Toyota Motor Manufacturing Canada Inc. (TMMC).
Our more than 25 years of success in Canada started when we took a stake in Waterville TG Inc. (“WTG”) located in Waterville, Quebec in 1986.
There are currently 4 plants manufacturing automotive parts: sealing parts at the WTG Waterville plant, the Coachcock plant and the Ontario plant, and interior and exterior parts at the TG Minto Palmerston plant. The new addition is our fifth plant.
The Toyoda Gosei Group strives to become ‘a true global supplier of choice that delivers happiness to customers all over the world,’ and establishes optimal production and delivery systems globally.
New Factory Information
1. Factory Name: TG Minto Corporation Stratford Factory (Tentative)
2. Start of production July, 2013 (Planned)
3. Location Stratford, Ontario Canada
4. Capital Approximately $11 million CAD (Approximately 900 million yen)
5. Products Interior and exterior components for automobiles (Instrument panel parts, pillar garnishes, column hole covers and others) 6. Factory size Approximately 6,000m2
7. Business plan Sales Approximately $15 million CAD (Approximately 1.2 billion yen, 2014)
Employees: Approximately 70 employees (2014)
Reference
TG Minto Overview
(As of November 2012)
1. Company Name TG Minto Corporation
2. Location Palmerston, Ontario Canada
3. Representative Jim Whelan, President
4. Establishment September, 2000
5. Capital $27 million CAD(Approximately 2.2 billion yen)
6. Employees Approximately 500
7. Products Automotive interior and exterior components
Exchange rate: 1CAD at 80 YEN
