Toyoda Gosei to strengthen business in China by making rubber automotive parts company a subsidiary

April 9, 2018

Toyoda-GoseiToyoda Gosei Co., Ltd, a specialty manufacturer of rubber automotive parts and LEDs, is set to strengthen its business in China by making Tianjin Star Light Rubber and Plastic Co., Ltd., a wholly-owned subsidiary in April 2018.

Tianjin Star Light is currently jointly owned by Toyoda Gosei, Kinugawa Rubber Industrial Co., Ltd., and Starlight Rubber & Plastic Development Ltd., a holding company in China owned by Kinugawa Rubber Industrial.

The three companies have agreed that Toyoda Gosei will acquire all equity in Tianjin Star Light from the other two. By making Tianjin Star Light a wholly-owned subsidiary, Toyoda Gosei aims to speed up management decisions at Tianjin Star Light for effective use of Group resources in all of China.

Toyoda Gosei views China as a key market with promising growth, and will continue expanding its business there to meet customer needs.

Share and Enjoy:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • email
  • PDF
  • RSS
  • Twitter

Tags:

International Rubber Prices

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

Automotive

PRA ELECTRONIC ISSUE
PRA 2018 May

Click here & browse