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Toyoda Gosei to Acquire Full Ownership Stake in Plastic Automotive Parts Manufacturer in Brazil

August 25, 2017

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.

*A subsidiary of Denso Corporation

 

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 m2  Plant 11,400 m2
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 m2  Plant 16,100 m2
No. of employees
295 (as of June 30, 2017)
Sales
134.36 million real (FY2016)

Toyoda Gosei’s production network in Brazil

 

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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