Toyoda Gosei : to Acquire Full Ownership Stake in Plastic Automotive Parts Manufacturer in Brazil
August 25, 2017 at 02:09 am EDT
Share
Kiyosu, Japan, August 25, 2017: Toyoda Gosei Co., Ltd. will acquire a 100% stake in Pecval Industria Co., Ltd. (Pecval), a manufacturer of automotive interior and exterior parts in Brazil, by December 2017. This move is intended to consolidate Toyoda Gosei's business foundation in the country's promising market.
Currently, Pecval is jointly owned by Toyoda Gosei and Shimizu Industry Co., Ltd. (headquartered in Kariya, Aichi, Japan)*. The two companies have agreed that Toyoda Gosei will acquire full equity interest from Shimizu.
Toyoda Gosei has two business locations in Brazil, Pecval and GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda., which supply interior and exterior parts, safety systems, and weatherstrips to automakers. Making Pecval a full subsidiary will strengthen Toyoda Gosei's supply system for interior and exterior parts to better meet the purchasing needs of customers.
Outline of Pecval Industria
Company name
Pecval Industria Ltda.
Location
Indaiatuba, Sao Paulo, Federative Republic of Brazil
Established
November 1997
Capital
142.1 million real
Equity
Current: Shimizu Industry Co., Ltd. 70%, Toyoda Gosei Co., Ltd. 30%
After acquisition of shares: Toyoda Gosei Co., Ltd. 100%
President
Katsuyuki Ohsaki
Products
Interior and exterior parts (instrument panel components, radiator grilles, more)
Area
Land 27,500 m Plant 11,400 m
No. of employees
194 (as of June 30, 2017)
Sales
92.75 million real (FY2016)
Reference: Outline of GDBR
Company name
GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda.
Location
Itapetininga, Sao Paulo, Federative Republic of Brazil
Established
March 2013
Capital
90 million reals
Equity
Toyoda Gosei Co., Ltd. 94.8% Others 5.2%
Representative
President Makoto Hirako
Products
Interior and exterior parts (instrument panel components, more)
Safety systems (side airbags, passenger-side airbags, more)
Weatherstrips (glass runs, door weatherstrips, more)
Area
Land 220,000 m Plant 16,100 m
No. of employees
295 (as of June 30, 2017)
Sales
134.36 million real (FY2016)
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.
Toyoda Gosei Co. Ltd. published this content on 25 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 August 2017 06:07:16 UTC.
Original documenthttp://www.toyoda-gosei.com/news/detail/?id=158
Public permalinkhttp://www.publicnow.com/view/A765B8BE8EAB122592F524643A9B78353EDEA6CD
TOYODA GOSEI CO., LTD. is a company primarily engaged in the manufacture and sale of automobile parts and optoelectronic products. The Company operates in two business segments. The Automobile Parts segment is engaged in the manufacture and sale of body sealing products, such as door weather strip and glass run; functionality parts, including functionality system components and fuel tank modules; interior and exterior parts, such as instrument panels and console boxes; safety system products, such as handles and air bag modules, as well as metal molds and machinery, among others. The Optoelectronic Product segment is engaged in the manufacture and sale of high luminosity light-emitting diode lamp chip for liquid crystal backlights/ illumination light source.
TOYODA GOSEI CO., LTD. 
