# Toyoda Gosei to build $24.6M airbag parts plant in Vietnam

Toyoda Gosei will establish a new plant in Vietnam as a branch of Toyoda Gosei Haiphong. Production of airbag parts and steering wheels will begin in July 2019. Investment is $24.6 million, with construction starting in March 2018.

- Type: New facility
- Announced: 2017-08-31
- Where: Vietnam, Vietnam
- Value: $24.6M
- Jobs: 1,000
- Starts operating: Jul 2019
- Status: announced
- Capacity: 23 million airbag parts and 3.2 million steering wheels annually by FY2023
- Products: airbag parts, steering wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyoda Gosei Co. Ltd.](https://endata.com/companies/21998.md)
- [Toyoda Gosei Haiphong](https://endata.com/companies/26664.md) (partner)

## Sources

- [just-auto.com](https://www.just-auto.com/news/toyoda-gosei-to-build-new-airbag-parts-plant-in-vietnam/), 2017-08-31: "Toyoda Gosei is to establish a new plant in Vietnam to meet growing demand for airbags as safety regulations become more stringent."
- [textilemedia.com](https://www.textilemedia.com/mobiletex/latest-news/archive/2017/?start=10), 2017-11-08: "Toyoda Gosei plans to establish a new US$24.6m plant for producing airbag parts in the northern Vietnamese province of Thai Binh."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.