KIYOSU, Japan–(BUSINESS WIRE)–Jul 6, 2022–
Toyoda Gosei Co., Ltd. (TOKYO:7282), through its regional headquarters in China, Toyoda Gosei (China) Investment Co., Ltd. (TG China), is investing in Wuhan Binyu Auto. Part Co., Ltd. This move will strengthen Toyoda Gosei’s supply system for interior and exterior automotive parts in central China.
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Production locations for interior and exterior products in China (Graphic: Business Wire)
Wuhan Binyu is a production company in the Yibin Group (Ningbo Yibin Electronic Technology Corp.) that supplies interior and exterior automotive parts in China’s major automobile manufacturing regions (north China, south China, central China). It provides console boxes and cockpit components to Dongfeng Honda Automobile Co., Ltd. and Dongfeng Motor Co., Ltd. (Dongfeng Nissan) in central China. With this investment, the Toyoda Gosei Group aims to grow its sales in China by merging its engineering and production expertise as a global supplier of plastic parts with the business partnership that Ningbo Yibin has built over many years with automakers in China.
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Outline of Wuhan Binyu (investee company) |
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Company name
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Current: Wuhan Binyu Auto. Part Co., Ltd. New: Yibin Toyoda Gosei (Wuhan) Auto Parts Co., Ltd. |
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Location |
Wuhan, Hubei, China |
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Established |
June 2013 |
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Capital |
CNY 20.0 million |
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Shareholders
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Current: Ningbo Yibin 100% New: Ningbo Yibin 66% |
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Products |
Interior and exterior products (consoles, registers, more) |
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Land area Building area |
Approx. 27,000 m 2 Approx. 32,000 m 2 |
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No. employees |
174 (as of May 31, 2022) |
* TG China purchased 34% of shares from Ningbo Yibin for approx. JPY 350 million. Calculated at 1 Chinese yuan = 17.5 Japanese yen
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Outline of Ningbo Yibin |
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Name |
Ningbo Yibin Electronic Technology Corp. |
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Location |
Ningbo, Zhejiang, China |
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Established |
August 2006 |
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Capital |
CNY 92.80 million |
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Shareholders |
Wang Jianhua, others |
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Products |
Interior and exterior products |
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No. employees |
2,203 (as of May 31, 2022) |
View source version on businesswire.com:https://www.businesswire.com/news/home/20220705005080/en/
CONTACT: Toyoda Gosei Co., Ltd.
Public Relations
Chihiro Suzuki
KEYWORD: CHINA JAPAN ASIA PACIFIC
INDUSTRY KEYWORD: AFTERMARKET CHEMICALS/PLASTICS AUTOMOTIVE OTHER AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER MANUFACTURING
SOURCE: Toyoda Gosei Co., Ltd.
Copyright Business Wire 2022.
PUB: 07/06/2022 02:00 AM/DISC: 07/06/2022 02:02 AM
Copyright Business Wire 2022.
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