Toyoda Gosei to Increase Airbag Part Production Capacity in Vietnam
Toyoda Gosei Co., Ltd. (TOKYO:7282) will increase the production capacity at Toyoda Gosei Haiphong Co., Ltd. (TGHP), a production subsidiary making airbag parts in Vietnam, to meet the growing demand for airbags globally.
- Toyoda Gosei Co., Ltd. (TOKYO:7282) will increase the production capacity at Toyoda Gosei Haiphong Co., Ltd. (TGHP), a production subsidiary making airbag parts in Vietnam, to meet the growing demand for airbags globally.
- This press release features multimedia.
- The construction of the new building and production at this plant will start from May 2020 and October 2021, respectively.
- Airbags and other safety system products are a key business in Toyoda Goseis 2025 Business Plan, and by 2023 the company plans to increase global airbag production to 100 million units annually, approximately 1.6 times the level in FY2018.