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Toyoda Gosei to produce airbags in Vietnam

Released at: 07:00, 03/09/2017

Toyoda Gosei to produce airbags in Vietnam

Photo: Toyoda Gosei

Japanese group to build new plant in northern Thai Binh province.

by Minh Do

Japan’s Toyoda Gosei Co., Ltd. will build a factory in northern Thai Binh province to meet growing demand for airbags as safety regulations become more stringent around the world.

Construction will kick off in March 2018 at the Tien Hai Industrial Park in Thai Binh, with total investment of $24.6 million. It will begin the production of airbag and steering wheel components in July 2019 for export to assembly plants in Japan, North America, Europe, and elsewhere.

Toyoda Gosei produced about 14.5 million airbag components and 2.2 million steering wheels in Vietnam in 2016 and plans to increase its capacity to 23 million airbag components and 3.2 million steering wheels in fiscal year 2023.

The Toyoda Gosei Group specializes in manufacturing automotive safety components and is a major supplier to Toyota. The group is planning to increase capacity globally.

The Toyoda Gosei Hai Phong Co., Ltd., a subsidiary of the Toyoda Gosei Group, was established on September 9, 2004 and is 100 per cent Japanese-owned, manufacturing auto parts and components for export, including airbags and leather steering wheels.

The company has nearly 3,000 employees earning an average monthly income of VND4.85 million ($210). The company now has three plants at the Hai Phong Nomura Industrial Park, of which the Toyoda Gosei Hai Phong plant was issued an investment license on September 9, 2004, with total investment capital of $74.9 million, and produces airbags.

Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei Group provides a variety of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and cutting-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.

Outline of new plant

Name

Toyoda Gosei Haiphong Thai Binh Plant (provisional name)

Location

Tien Hai Industrial Park, Thai Binh Province

Start of production

July 2019

Products

Safety systems (airbag parts, steering wheels)

Area

Land approx. 113,000 sq m,  Building approx. 20,800 sq m

Employees

Approx. 1,000 (by March 31, 2021)

 

Outline of Toyoda Gosei Hai Phong

Name

Toyoda Gosei Haiphong Co., Ltd.

Location

Haiphong City

Established

September 2004

Capital

$50 million

Shareholders

Toyoda Gosei Co., Ltd. 95 per cent; Toyota Tsusho Corporation 5 per cent

Products

Safety systems (airbag parts, steering wheels)

Employees

3,128 (as at March 31, 2017)

 

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