Toyoda Gosei to Make Rubber Automotive Parts Company in China a Wholly-Owned Subsidiary
Kiyosu, Japan, March 30, 2018: Toyoda Gosei Co., Ltd. will make Tianjin Star Light Rubber and Plastic Co., Ltd., which manufactures rubber parts for automobiles, a wholly-owned subsidiary in April 2018. The move is aimed at strengthening Toyoda Gosei’s business foundation in China.
Tianjin Star Light is currently jointly owned by Toyoda Gosei, Kinugawa Rubber Industrial Co., Ltd., and Starlight Rubber & Plastic Development Ltd., a holding company in China owned by Kinugawa Rubber Industrial. The three companies have agreed that Toyoda Gosei will acquire all equity in Tianjin Star Light from the other two. By making Tianjin Star Light a wholly-owned subsidiary, Toyoda Gosei aims to speed up management decisions at Tianjin Star Light for effective use of Group resources in all of China.
Toyoda Gosei views China as a key market with promising growth, and will continue expanding its business there to meet customer needs.
Summary of Tianjin Star Light
※2 Calculated at 1 USD = 105 JPY
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.