Toyota Boshoku Establishes a New Automotive Interior Components Company in Thailand

  Toyota Boshoku Establishes a New Automotive Interior Components Company in
  Thailand

   Building optimal systems to supply automotive manufacturers in Thailand

Business Wire

KARIYA, Japan -- August 28, 2013

Toyota Boshoku Corporation (TOKYO:3116), a premier manufacturer of automotive
interior systems, is pleased to announce that its Asian regional management
hub, Toyota Boshoku Asia Co., Ltd., will establish a new automotive interior
components production company, BOSHOKU AUTOMOTIVE (THAILAND) CO., LTD., to
supply interior components, filter and powertrain components in Thailand.

An investment of approximately 18 million US$ was made to set up the new
automotive interior company 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. The new company,
Boshoku Automotive (Thailand), will start production of silencers and other
interior components in the latter half of 2014 and with the aim to expand
future business to include seats and door trim, will be set up to flexibly
handle individual component orders.

Toyota Boshoku, starting with its main customer Toyota Motor Corporation, is
proactively expanding new business with global automotive manufacturers.
Toyota Boshoku Asia plays a central role in Asia in establishment of optimal
production and system to supply interior components and filter and powertrain
components.

Toyota Boshoku will continue to strengthen its R&D functions in all its
regions and offer customers worldwide appealing, comfortable and safe
automobile interior space.

About Boshoku Automotive (Thailand) Co., Ltd.

Boshoku Automotive (Thailand) Co., Ltd. will be established in Rayong
Province, the Kingdom of Thailand in November 2013 and is scheduled to be
headed by Yoshitsugu Tanaka. Toyota Boshoku Asia Co., Ltd. invested
approximately 600 million Thai Baht (approx. 18 million US$) in its 100%
subsidiary and set it up with a capital of 482 million Thai Baht (approx. 15
million US$). By 2016 a workforce of approximately 80 will manufacture
automotive interior components including silencers, package trays and luggage
mats in a building of 14,000m^2 in size on a site of 64,000m^2.

About Toyota Boshoku group

Toyota Boshoku group, one of the world's premier interior systems suppliers
and filter manufacturers, develops and produces interior components,
filtration and power train components at about 100 sites in 26 countries
around the world. During the fiscal period ending in March of 2013, Toyota
Boshoku had consolidated sales of 1,079 billion yen (approx. 13 billion US$),
and operating income of 25 billion yen (approx. 30 million US$). Its
subsidiary, Toyota Boshoku Asia Co., Ltd. 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 the Asian region.

Contact:

TOYOTA BOSHOKU ASIA CO., LTD.
Matchu-on Chitrasumroeng, +66-2-329-5000
General Admin & Government Affairs
 
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