Toyoda Gosei Co. Ltd.

Toyoda Gosei established a new plant in Monterrey, Mexico, and began production of airbag bags in March 2021. The plant increases annual bag production capacity by about 8 million units.

Toyoda Gosei East Japan is establishing a new plant in Ohira, Miyagi to produce radiator grilles and other large painted plastic parts. Construction will begin in April 2021, with production starting around summer 2022.

Toyoda Gosei Co., Ltd. proposes to merge its two group companies in India, Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) and Minda TG Rubber Pvt. Ltd. (MTG), to improve management efficiency in the Indian market.

Uno Minda approved an investment of Rs 33.5 crore in TG Minda, its 49.9% joint venture with Toyoda Gosei, to consolidate Toyoda Gosei's Indian business by transferring shares of Toyoda Gosei South India Ltd. to TG Minda. The transaction is expected to complete by September 2020.

Minda Industries Ltd. approved an investment of Rs 33.5 crore in TG Minda, a 49.9% joint venture with Toyoda Gosei, to consolidate Toyoda Gosei South India Ltd. into TG Minda.

Toyoda Gosei has completed construction of a new automotive sealing plant in Venado, San Luis Potosi, Mexico, with an investment of $31 million. The plant will generate up to 900 direct jobs and begin operations in the coming days.

Toyoda Gosei will invest $60.3 million across its three U.S. plants, including $17 million at the TG Missouri facility in Perryville, Missouri, to expand production capacity for automotive components.

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.

Toyoda Gosei, through its Chinese subsidiary, will purchase a 60% stake in Hubei Rock Rubber and Seal Technology Co., Ltd. for approximately 800 million yen (about USD 7 million) in December 2018, pending Chinese regulatory approval.

Toyoda Gosei announced it will build a new factory in Karawang Regency, West Java, Indonesia to produce airbags and fuel system components. Construction began in February 2019, with production starting in November 2020. Total investment is 45 billion yen by fiscal year 2025.

Toyoda Gosei Group started construction of a $24.6 million auto parts factory in Thai Binh Province, Vietnam. The 11.3-hectare plant will manufacture airbags and leather steering wheels, with completion expected in July 2019.

Toyoda Gosei Co., Ltd. and Nippon Kayaku Co., Ltd. have agreed to a capital alliance to strengthen cooperation in their airbag business. Each company will hold approximately 1 billion yen of the other's common shares.

TG Fluid Systems USA is adding 62,000 square feet to its Brighton, Michigan plant for $11 million, consolidating operations from Howell. The expansion, due for completion in March 2018, is expected to create 35 entry-level factory jobs.

UNO Minda Group is expanding manufacturing capacity in Gujarat, India, with four new greenfield plants for lighting, airbags, alloy wheels, blow molding parts and four-wheeler switches, and also investing in a new facility in Mexico for horns. Total investments are pegged at Rs 600 crore.

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.

Toyoda Gosei Co. Ltd. announced it will acquire a 100% stake in Pecval Industria Ltda., a Brazilian manufacturer of automotive interior and exterior parts, by December 2017. Pecval was previously a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd.

Toyoda Gosei announced it will invest approximately 35 billion yen to begin production of millimeter-wave radar compatible emblems and airbag gas generators at its Saga plant in Takeo City, Saga Prefecture, Japan. Production will start in May 2018, with lines gradually operational by fiscal year 2020.

Toyoda Gosei Minda India (TGMIN) is establishing a new plant in Mandal, Gujarat, India to produce airbags, weatherstrips and other automotive parts. The investment is 732 million rupees, with production starting in the second half of fiscal 2018.

Toyoda Gosei and Daicel announced an agreement to enhance cooperation in safety and new plastics materials, and enter into a capital tie-up through cross-holdings of common stock totaling about 1 billion yen each.

Toyoda Gosei is investing $5 million in an addition and equipment at Meteor Sealing Systems' Dover facility, adding 40,000 square feet for automotive weatherstrip production. The building is expected to be finished by spring 2017, with equipment in place by end of 2017.