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Toyoda Gosei Sets Medium and Long-term Targets for Achieving Carbon Neutrality

Kiyosu, Japan, April 5, 2021: Toyoda Gosei Co., Ltd. has formulated new medium and long-term CO2 reduction targets it calls “Targets 50 & 50.” It has also set CO2 reduction targets in its 7th Environmental Action Plan1 covering the five years until 2025, and is accelerating efforts for decarbonization.

In moving toward carbon neutrality, Toyoda Gosei set the target of zero CO2 emissions by 2050 in its TG 2050 Environmental Challenge. As a milestone on the way to that goal, it aims to cut CO2 emissions in half by 2030 compared with FY2015 levels. A major part of that effort will be to increase the use of electricity from renewable sources to 50%. These are Toyoda Gosei’s Targets 50 & 50—a 50% decrease in CO2 emissions and 50% renewable energy use. The company is introducing power facilities that use green energy sources and energy-saving production equipment at each plant, implementing production technology innovations such as more compact equipment, and developing products for electric vehicles to increase efficiency. As a target for 2025, it aims to cut CO2 emissions by 25% (compared with FY2015 levels) based on the 7th Environmental Action Plan.

To fulfill its responsibility to explain the risks and opportunities brought about by climate change for its business to stakeholders, the company has completed disclosure of recommended items2 based on the proposals of the Task Force on Climate-related Financial Disclosures (TCFD).3

To help stakeholders better understand Toyoda Gosei’s efforts in this area, the company held an ESG briefing for institutional investors on April 5.

Toyoda Gosei will continue to make its business activities more environment-friendly in helping to bring about a sustainable society.

1 Targets include reducing CO2 emissions by 25% compared with 2015 levels.
2 Also posted on the company’s website
3 An organization that seeks disclosure of financial information related to companies’ efforts or impacts with respect to climate change. The awareness that climate change affects financial markets is spreading, and TCFD was established by the Financial Stability Board comprising the financial authorities of major countries.

Carbon-neutrality

Plan for achieving carbon neutrality

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Toyoda Gosei Invests in Automotive Parts Manufacturer in Central China

KIYOSU, Japan–Toyoda Gosei Co., Ltd., through its regional headquarters in China1 (Toyoda Gosei China), is purchasing a majority stake in Hubei Rock Rubber and Seal Technology Co., Ltd. (“Hubei Rock”) to strengthen its automotive parts business in China, the world’s largest automobile market2.

Hubei Rock, located in central China, is an independent supplier that provides weatherstrips mainly to Dongfeng Motor Corporation, one of China’s “Big Three” automakers, and its joint venture companies with Japanese and other foreign manufacturers, including Dongfeng Honda Automobile Co., Ltd. and Dongfeng Peugeot-Citroën Automobile Co., Ltd.

Toyoda Gosei China plans to purchase 60% shares from Hubei Rock’s parent company, Hubei Zhengao Automotive Accessories Co., Ltd., for approximately 800 million yen3 in December 2018.

Toyoda Gosei’s decision to invest in Hubei Rock was made with the aim of rapidly expanding its business in the region by merging the Toyoda Gosei Group’s technology and knowledge in product design and production, cultivated as a global supplier of rubber and plastic parts, with Hubei Rock’s track record and sales channels built up over many years of business with automakers in central China.

With this partnership, Toyoda Gosei’s production network in China will expand to 4 locations: TG Star Light in northern China, Foshan TGR and Fu-Yue in southern China, and now Hubei Rock in Central China. Toyoda Gosei considers China to be a crucial market, and will continue to strengthen its development and production networks there.

  1   Toyoda Gosei (Shanghai) Co., Ltd. The name of this company will be changed to Toyoda Gosei (China) Investment Co., Ltd. as changes from a management company to an investment company in December 2018.
  2   Toyoda Gosei China will invest in Hubei Rock following approval by the Chinese authorities.
  3   Calculated at 1 Chinese yuan = 16 Japanese yen
 

Outline of Hubei Rock
Name   Current:
Hubei Rock Rubber Seal Technology Co., Ltd.
 

After merger:
Hubei Toyoda Gosei Zhengao Rubber and Seal Technology Co., Ltd.
Location   No. 9 Dongfeng Ave., Maojian, Shiyan, Hubei, China
Established   April 1995
Capital   4,600 million yuan
Shareholders  

Current:
Hubei ZhengAo Automotive Accessories Co., Ltd.

  

100%
 

After merger:
Toyoda Gosei (China) Investment Co., Ltd.
Hubei Zhengao Automotive Accessories Co., Ltd.

  

60%
40%
Products  

Weatherstrips:
Opening weatherstrips, door weatherstrips, glass runs, etc.
Area  

Land 78,000 m2
Buildings 43,200 m2
Employees   281 people (as of March 31, 2018)
Sales   81.9 million yuan (FY2017)
 

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. 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, Toyoda Gosei aims to grow as a global company that acts flexibly and swiftly in today’s dramatically changing business environment, delivering the highest levels of satisfaction to customers worldwide through safety, comfort, well-being and the environment.

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Toyoda Gosei to expand sealing plant in Mexico

Toyoda Gosei Co. Ltd. plans to expand its facility in Mexico with a $35.5 million investment in response to increased automotive demand in North America.

The firm said in an Aug. 25 news release that its subsidiary, Toyoda Gosei Automotive Sealing Mexico S.A. de C.V. in San Luis Potosí, Mexico, will increase weatherstrip production about 50 percent by 2020.

When the expansion is complete, Toyoda Gosei projects its work force will increase by 540. Employment currently sits at 910 as of March 31, and the company’s sales likely will grow to $124 million annually, up from $60 million, by 2020.

“The expansion is really just to help handle orders from our customers in Mexico who are increasing production,” a spokeswoman said. “There have been a lot of increases from the OEMs which has led to us needing to expand.”

In addition to adding capacity, the firm has acquired land adjacent to the building to add about 20 percent — or 82,000 square feet — to its current footprint, bringing the building to 523,100 square feet by 2020. Toyoda Gosei said this addition will be used to add trial manufacturing equipment to the facility, improving the pre-production processes. It also will provide additional team member training.

The San Luis Potosí plant produces opening trim weatherstrips, door weatherstrips and glass runs, among other weatherstrips, using both EPDM rubber and thermoplastic vulcanizate. The spokeswoman said the expansion will help serve Toyota, Ford and Honda, with more than half of the new production being exported to the U.S. market. New equipment will be installed at the site in phases as business dictates.

Construction is projected to be finished by November, the spokeswoman said. The trial manufacturing center will build prototypes, improve pre-production and help train new employees.

This is the second weatherstrip-related expansion the firm has made in the last four months. Toyoda Gosei revealed plans to establish a new facility in Bawal, India, projected to be operational in March 2017.

The new plant represents an $8.2 million investment, which includes constructing a 26,250-square-foot building, populating it with equipment and a 65,600-square-foot plot of land. The factory will produce air bags and rubber weatherstrips for Toyota, Honda and Maruti—a subsidiary of Suzuki Motor Corp.

It has been an active time for Toyoda Gosei in Mexico, where part of its goal is to triple its sales in the country by 2020. The spokeswoman said the firm reported about $98.4 million in Mexican sales for fiscal year 2015.

Recently, Toyoda Gosei opened a facility in Irapuato, Mexico. The plant represents a $53.2 million investment and will focus on the company’s interior/exterior business such as radiator grilles, console boxes and plastic parts in addition to its functional components business.

The firm said production of plated products is scheduled to start in the summer of 2017. It projects $110 million in sales for fiscal 2020, and the plant employs about 135. The building is nearly 400,000 square feet and rests on a 1.65 million-square-foot plot of land.

Toyoda Gosei operates two facilities in Matamoros City, Mexico—one for safety systems and the other for fuel components. Manufacturing for all four of the firm’s product lines are localized in Mexico.

Headquartered in Kiysou, Japan, Toyoda Gosei produces rubber and plastic automotive parts with 100 plants and offices in 18 countries.

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.

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Toyoda Gosei expands to South America, Mexico

SAO PAULO—Toyoda Gosei is growing its presence in South America and Mexico through multiple investments.

The firm has established its second Brazilian subsidiary, GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda., at the company’s premises in Sao Paulo. Combined with its existing presence, Pecval Industria Ltda., the company has local production for three of its four core product groups.

GDBR President Makoto Hirako said the firm invested about $3.5 million in GDBR, which opened in April and employs about 260. The 194,000-sq.-ft. building is located on a 2.37 million-sq.-ft. plot of land. The new facility is Toyoda Gosei’s 24th in the Americas region.

“The South American automotive market can be expected to grow in the long term,” Hirako said. “Until now, the main South American market has been compact cars, but they can be expected to shift from compact cars to midsize cars. We’re expecting future demand.”

GDBR will produce automotive sealing parts such as door weatherstrips; interior and exterior parts such as instrument panel components; and safety systems such as air bags. Hirako said the facility utilizes EPDM to produce the weatherstrips, along with thermoplastic polyolefin and acrylonitrile butadiene styrene to produce some of the other components.

“We look forward to growing in Brazil, especially Itapetininga, with increasing localization to serve the needs of the Brazilian automotive market with its long-term growth potential,” Toyoda Gosei Chairman Tadashi Arashima said at the opening ceremony.

In a separate move, Toyoda Gosei said it is investing an undisclosed amount in its Pecval subsidiary. Pecval employs about 150 and produces interior/-exterior plastic parts at its 118,400-sq.-ft. facility.

Hirako said that the firm is not worried about the Brazilian market, despite its recent downturn. It projects the Brazilian economy will improve in the mid to long term, and as it does the company expects the automotive market to transition from compact cars to mid-sized vehicles.

“Their present economy is slow,” he said. “But in the mid- to long-term viewpoint, Brazil has a lot of potential for operation growth, natural resources and industrial presence. But right now the economy is very slow.”

The firm has localized production for three of its four product groups—automotive sealing parts such as weatherstrips and glass runs; interior/exterior plastic parts such as instrument panel components; and air bags. The company’s functional components line, which includes plastic fuel filler pipes, does not have manufacturing in the region yet. He said if a customer requests this line in the future, the company will consider establishing production in the country.

However, on May 16 the firm opened its previously announced Toyoda Gosei Irapuato Mexico S.A. de C.V.—located in Irapuato, Mexico, and fourth facility in the region. The addition gives Toyoda Gosei a manufacturing presence there for all four main product groups. The automotive supplier is one of numerous related firms announcing expansions in recent years, following many auto makers setting up new facilities in Mexico.

Irapuato represents a $53.2 million investment and will focus on the company’s interior/exterior business such as radiator grilles, console boxes and plastic parts in addition to its functional components business. Toyoda Gosei said production of plated products is scheduled to start in the summer of 2017. The firm projects $110 million in sales for fiscal 2020, and it employs about 135. The building is nearly 400,000 square feet, which rests on a 1.65 million-sq.-ft. plot of land.

Arashima said during the opening ceremony the company wants to grow together with its customers in Mexico and now can provide products from a location closer to its automotive business partners.

Toyoda Gosei operates two facilities in Matamoros City, Mexico—one for safety systems and the other for fuel components. The firm’s local automotive sealing facility is located in San Luis Potosi.

Headquartered in Kiysou, Japan, Toyoda Gosei produces rubber and plastic automotive parts with 100 plants and offices in 18 countries.

source: rubbernews.com