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Toyoda Gosei Announces Capital Investment in Pecval Industria Ltda., a Plastic Automotive Parts Supplier in Brazil

August 05, 2015

Kiyosu, Japan, August 5, 2015: Toyoda Gosei Co., Ltd. will purchase a stake in plastic auto parts maker Pecval Industria Ltda. (Indaiatuba, Sao Paulo, Brazil), a producer of plastic interior and exterior parts for automobiles. This will strengthen Toyoda Gosei’s business foundation in the growing market of Brazil.

Pecval is a wholly owned subsidiary of Shimizu Industry Co., Ltd. (Kariya, Aichi Prefecture, Japan; President: Tamotsu Inoue. Shimizu Industry is a subsidiary of Denso Corporation [equity stake 54%]). Toyoda Gosei will acquire equity in Pecval from Shimizu Industry after completing the necessary procedures. The capital investment is scheduled for October 2015, and will give Toyoda Gosei a 30% equity stake.

With this strategic move, Toyoda Gosei will be able to supply automakers from two production locations in Brazil: Pecval and GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda. (Itapetininga, Sao Paulo), a Toyoda Gosei subsidiary that began production in December 2014.

 

Outline of Pecval Industria

1. Company name Pecval Industria Ltda.
2. Location Indaiatuba, Sao Paulo, Brazil
3. President Katsuyuki Ohsaki
4. Date established November 1997
5. Equity stakes
  (after capital participation) 
Shimuzu Industry Co., Ltd. 70%; Toyoda Gosei 30%
6. No. of employees 165 (as of June 2015)
7. Production items Plastic automotive interiors and exteriors parts such as instrument panel components, radiator grilles, and other plastic pats
8. Sales Approx. US$ 27million (FY2014)

Pecval Industria
Pecval Industria

Locations of Toyoda Gosei’s two production sites in Brazil
Locations of Toyoda Gosei’s two production sites in Brazil

 

About Toyoda Gosei

Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei group provides a broad range of high-quality products internationally, with a network of about 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-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.