TROY, Mich.—Toyoda Gosei North America Corp., a subsidiary of Toyoda Gosei Co. Ltd., has opened a manufacturing company in Central Mexico to meet strong car production in the region.
Toyoda Gosei Irapuato Mexico S.A. de C.V., located in Irapuato, is scheduled to start operations in April 2016 and will supply radiator grilles, console boxes and other plastic parts to auto makers in the North American market.
The firm said it is investing about $67 million to build the plant, and it plans to hire 280 employees by fiscal 2019.
This will be Toyoda Gosei's fourth manufacturing firm in Mexico: TAPEX Mexicana S.A. de C.V. produces safety systems such as airbags; Toyoda Gosei Automotive Sealing Mexico S.A. de C.V. makes sealing products including weatherstrips; and Toyoda Gosei Rubber Mexico S.A. de C.V. produces functional components such as rubber hoses.
The new company will bring coating and other plastic surface decorating technologies to Mexico, which the firm said will enable it to supply value-added plastic parts from a location closer to the international Japanese, American and European auto makers in the region.
Headquartered in Kiyosu, Japan, Toyoda Gosei produces rubber and plastic automotive parts and LEDs. The firm operates 94 plants with offices in 18 countries and regions.