# Toyoda Gosei to build $16.8M airbag factory in Thai Binh, Vietnam

Toyoda Gosei announced a 1.8 billion yen ($16.8 million) investment to build a new airbag factory in Thai Binh Province, Vietnam, with construction starting May 2020 and operations beginning October 2021, creating 700 jobs initially and up to 2,000 by 2023.

- Type: New facility
- Announced: 2019-11-14
- Where: Thai Binh Province, Vietnam
- Value: $16.8M
- Jobs: 2,000
- Starts operating: Oct 2021
- Status: announced
- Capacity: 25 million airbags per year (total in Vietnam)
- Products: airbags
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [vietnamnews.vn](https://vietnamnews.vn/economy/538443/toyoda-gosei-co-plans-16-8m-investment-in-new-airbag-factory-in-vn.html), 2019-11-14: "Japanese auto parts maker Toyoda Gosei Co has announced it would invest an additional 1.8 billion yen (US$16.8 million) to build a new airbag factory in Thái Bình Province."
- [textilemedia.com](https://www.textilemedia.com/about-us/latest-news/toyoda-gosei-to-build-new-airbag-factory-in-vietnam/), 2019-12-16: "The project is expected to start construction in May 2020."

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