22 February 2013 - Toyoda Gosei Co., Ltd., headquartered in Kiyosu, Japan, is establishing a new company in the State of São Paulo, Brazil. This will be Toyoda Gosei's first production venture in Brazil and the South American region.
The new company GDBR Industria e Comercio de Componentes Quimicos e de Borracha Ltda (GDBR) will handle the production and sales of rubber and plastic automotive components. With the prospect of expanded automobile production in the South American region and a rising demand, it is being established to supply automotive sealing products, safety system products, and both interior and exterior components.
The new company will be established in March 2013 and is expected to start production in November 2014. The company will have capital of 90 million real (approximately 4 billion yen), with Toyoda Gosei Co., Ltd. holding 94.8% stake.
Source: Toyoda Gosei