Toyoda Gosei buying majority stake in Chinese automotive supplier

Kiyosu, Japan – Toyoda Gosei Co is purchasing a majority stake in Hubei Rock Rubber and Seal Technology Co., Ltd (Hubei Rock) to strengthen its automotive parts business in China.

Hubei Rock, located in central China, is an independent supplier that provides weatherstrips mainly to Dongfeng Motor Corp., one of China’s “big three” automakers, said Toyoda Gosei in a 30 Oct statement.

The company also supplies to Dongfeng’s joint venture companies with Japanese and other foreign manufacturers, including Dongfeng Honda Automobile Co., Ltd and Dongfeng Peugeot-Citroën Automobile…

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