KIYOSU, Japan—The automotive market continues to grow in southern China. That's why Toyoda Gosei Co. Ltd. has selected the region for its new airbags and steering wheels plant.
The manufacturer of rubber and plastics automotive components announced it will establish the plant in Guangdong Province, seeking to enhance its production network in the region, according to an April 6 news release.
The unit will be established as a branch plant of subsidiary Toyoda Gosei (Foshan) Auto Parts Co. Ltd., and it is set for operation in the summer of 2023, Toyoda Gosei said.