Toyoda Gosei Starts Operation of New Plant in Mexico

To meet growing demand for airbags

KIYOSU, Japan--(BUSINESS WIRE)--Toyoda Gosei Co., Ltd. (TOKYO:7282) has established a new plant in Mexico, the TAPEX Mexicana, S.A. de C.V. (TAPEX) Monterrey Plant, and started its production of the bags that are a main component of automotive airbags in March 2021. This will help to meet the growing demand for airbags.

In Toyoda Gosei’s medium-term 2025 Business Plan, airbags and other safety system products are a key area that will drive future business growth, and the company is focusing effort on increasing sales to Japanese automakers and other customers. The bags are produced mainly in Mexico and Vietnam to raise cost competitiveness. With the operation of the new plant in Mexico, Toyoda Gosei will increase annual bag production capacity by about 8 million units.

The company plans to increase airbag production in the entire Toyoda Gosei Group by about 1.6-fold, to approximately 100 million units, over the five years from FY2018 to FY2023.

Outline of TAPEX
Company name		TAPEX Mexicana, S.A. de C.V.
Founded		February 2003 (capital participation)
Capital		USD 11.36 million
Shareholder		Toyoda Gosei North America Corporation 100% (Toyoda Gosei’s regional headquarters for the Americas)
		Headquarters Plant	Monterrey Plant [begun operations]
Location		Matamoros, Mexico	Monterrey, Mexico
Products		Bags, steering wheels	Bags
Area	Land	Approx. 53,000 m^2	Approx. 25,000 m^2
	Building	Approx. 32,000 m^2	Approx. 14,000 m^2
No. of employees		4,155 (as of March 31, 2021)	101 (as of March 31, 2021)