KIYOSU, Japan—Toyoda Gosei is investing $60 million in its operations in the U.S. to increase production capacity at two of its subsidiaries to keep up with growing sales of interior and exterior automotive parts in the North American market.
The investments also are in line with the transition of vehicle makers into the production of "more diverse" vehicle types, the company said Jan. 26.
In line with this evolution in automotive industry, Toyoda Gosei said it would establish "a network that can provide products with a wide range of variations." These will include different types of large painted products that are front and rear components of automobiles.
The project will involve: two factories—in Perryville, Mo., and New Albany, Indiana—belonging to TG Missouri Corp. (TGMO); and TG Kentucky's (TGKY) Lebanon plant.