Toyoda Gosei to fully own Chinese rubber parts maker
Kiyosu, Japan – Toyoda Gosei Co. is acquiring all equity in China-based automotive rubber parts maker Tianjin Star Light Rubber and Plastic Co., the company announced 30 March.
Tianjin Star Light, currently jointly owned with Kinugawa Rubber Industrial Co. Ltd and Starlight Rubber & Plastic Development is set to become a wholly-owned subsidiary of Toyoda Gosei in April.
Tianjin Star Light manufactures weatherstrips and employs nearly 1,000 people. It had approximately Yen8 billion (€61 million) of sales last year.
The Japanese company said sole ownership would “speed up…
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