Toyoda Gosei to Change Form of Chinese Regional Headquarters in Moving Toward Group Reorganization in China
Kiyosu, Japan, August 24, 2018: Toyoda Gosei Co., Ltd. plans to change the corporate form of Toyoda Gosei (Shanghai) Co., Ltd., its regional headquarters in China, from a management company to a holding company, with the aims of speeding up management decisions and promoting efficient business operations within the region to grow the company’s business in the Chinese market.
Together with this change, the company name will be changed to Toyoda Gosei (China) Investment Co., Ltd. The planned timing for the change in corporate form and company name is December 2018.
Toyoda Gosei will consider the transfer of its shares in its main production subsidiaries in China to this regional headquarters.
Outline of Regional Headquarters in China
|1. Company Name||Current: Toyoda Gosei (Shanghai) Co., Ltd.
After change: Toyoda Gosei (China) Investment Co., Ltd.
|2. Location||6088 Humin Road, Minghan District, Shanghai, China|
|3. Establishment||January 2006|
|4. Capital||Current: 2 million USD
After Change: 12 million USD
|5. Shareholder||Toyoda Gosei Co., Ltd. 100%|
|6. Representative||Chairman: Tomonobu Yamada
President: Hiroki Fukui
|7. Function||Business planning, product development,
and other management functions in China
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. 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, Toyoda Gosei aims to grow as a global company that acts flexibly and swiftly in today’s dramatically changing business environment, delivering the highest levels of satisfaction to customers worldwide through safety, comfort, well-being and the environment.