Toyoda Gosei setting up plant in Brazil

ERJ staff report (PN)

Plastics News Report

Kiyosu, Japan – Japanese automotive supplier Toyoda Gosei Co. Ltd is establishing a new company in Itapetininga, Brazil, that will manufacture rubber and plastic components.

The Kiyosu-based company is investing 90 million Brazilian real (Euro 34 million) to set up the plant near São Paulo.

The company cited rising demand and the prospect for expanded auto production in South America.

Toyoda Gosei will own 94.8 percent of the company, which will be known as…

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