Toyota Boshoku setting up producer of auto-interior components in Thailand
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Toyota Boshoku Corp, a premier Japanese maker of automotive interior systems, has announced that its Thailand-based Asian regional management hub, Toyota Boshoku Asia, will establish a production company in the Kingdom to supply interior components, filte
An investment of about US$18 million (Bt580 million) is being made to set up Boshoku Automotive (Thailand) with the aim of expanding production capacity and establishing an optimal supply system to best meet the needs of nearby automotive manufacturers in a quick and efficient manner.
Boshoku Automotive (Thailand) will start production of silencers and other interior components in the latter half of next year and – with the intention of expanding future business to include seats and door trim – will be set up to flexibly handle individual component orders.
Toyota Boshoku Asia plays a central role for the parent company in Asia in the establishment of optimal production and systems to supply interior components, filters and powertrain components, the parent company said, adding that it will continue to strengthen its research and development functions in all its regions.
Rayong
Boshoku Automotive (Thailand) will be established in Rayong province this November with a capital of Bt482 million. The subsidiary will be wholly owned by Boshoku Asia.
By 2016, a workforce of about 80 will manufacture components – including silencers, package trays and luggage mats – in a building of a minimum 14,000 square metres on a site of 64,000 square metres.
Toyota Boshoku group, one of the world’s leading interior systems suppliers and filter manufacturers, develops and produces interior components, filtration and powertrain components at about 100 locations in 26 countries around the globe.
During the fiscal period ending in March, Toyota Boshoku had consolidated sales of ¥1.079 trillion (Bt357 billion), and operating earnings of ¥25 billion.
Its subsidiary, Toyota Boshoku Asia, was established in Thailand in June 2001 and is a leading manufacturer of automotive seating and interior components with 22 production sites in Thailand, Indonesia, the Philippines, Vietnam and other countries throughout Asia.
