TOYODA GOSEI

Contact us

  • Home>
  • News>
  • Toyoda Gosei to Acquire Full Ownership Stake in Plastic Automotive Parts Manufacturer in Brazil

News

Toyoda Gosei to Acquire Full Ownership Stake in Plastic Automotive Parts Manufacturer in Brazil

August 25, 2017

Kiyosu, Japan, August 25, 2017: Toyoda Gosei Co., Ltd. will acquire a 100% stake in Pecval Industria Co., Ltd. (Pecval), a manufacturer of automotive interior and exterior parts in Brazil, by December 2017. This move is intended to consolidate Toyoda Gosei’s business foundation in the country’s promising market.

Currently, Pecval is jointly owned by Toyoda Gosei and Shimizu Industry Co., Ltd. (headquartered in Kariya, Aichi, Japan)*. The two companies have agreed that Toyoda Gosei will acquire full equity interest from Shimizu.

Toyoda Gosei has two business locations in Brazil, Pecval and GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda., which supply interior and exterior parts, safety systems, and weatherstrips to automakers. Making Pecval a full subsidiary will strengthen Toyoda Gosei’s supply system for interior and exterior parts to better meet the purchasing needs of customers.

*A subsidiary of Denso Corporation

 

Outline of Pecval Industria

Company name Pecval Industria Ltda.
Location Indaiatuba, Sao Paulo, Federative Republic of Brazil
Established November 1997
Capital 142.1 million real
Equity Current: Shimizu Industry Co., Ltd. 70%, Toyoda Gosei Co., Ltd. 30%
After acquisition of shares: Toyoda Gosei Co., Ltd. 100%
President Katsuyuki Ohsaki
Products Interior and exterior parts (instrument panel components, radiator grilles, more)
Area Land 27,500 m2  Plant 11,400 m2
No. of employees 194 (as of June 30, 2017)
Sales 92.75 million real (FY2016)

 

Reference: Outline of GDBR

Company name GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda.
Location Itapetininga, Sao Paulo, Federative Republic of Brazil
Established March 2013
Capital 90 million reals
Equity Toyoda Gosei Co., Ltd. 94.8%  Others 5.2%
Representative President Makoto Hirako
Products Interior and exterior parts (instrument panel components, more)
Safety systems (side airbags, passenger-side airbags, more)
Weatherstrips (glass runs, door weatherstrips, more)
Area Land 220,000 m2  Plant 16,100 m2 
No. of employees 295 (as of June 30, 2017)
Sales 134.36 million real (FY2016)

Toyoda Gosei’s production network 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 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 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.