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TOYOTA BOSHOKU CORPORATION : Toyota Boshoku Establishes Its First Vehicle Interior Components Production Base in Laos
(Kariya, Japan) April 8, 2013 - Toyota Boshoku Corporation established a new vehicle interior components production company, TOYOTA BOSHOKU LAO CO., LTD. in the Lao People's Democratic Republic in April. This is the first time the Toyota Boshoku group has built a production base in Laos.
The new company will serve as a satellite complementing the Toyota Boshoku group production base in Thailand. It will start producing interior components such as vehicle seat covers in April 2014, and supply them to production bases for seats in Thailand.
By setting up a base in Laos, the Toyota Boshoku group is seeking to further optimize production and distribution in the Asia and Oceania region, which is a crucial market. Toyota Boshoku will continue to offer customers worldwide appealing, comfortable and safe automobile interior space.
Overview of new company
1.
Company name
TOYOTA BOSHOKU LAO CO., LTD.
2.
Location
Savannakhet Province, Lao People's Democratic Republic
3.
Representative
Mr. Shinichi Yamanouchi, President
4.
Date Established
April 2013
5.
Capital
Approx. 5.6 million US$*1 (Approx.500 million JPY)
6.
Ownership
TOYOTA BOSHOKU ASIA CO., LTD. *2
TOYOTA TSUSHO ASIA PACIFIC PTE. LTD.
TOYOTA TSUSHO CORPORATION
90%
7%
3%
7.
Products
Automobile interior components including seat covers
8.
Production capacity
200,000 units/year
9.
Production (scheduled)
April 2014
10.
Site area
Approx. 80,000m2
11.
Building area
Approx. 7,000m2
12.
Investment
Approx. 5.6 million US$ (Approx.500 million JPY)
13.
Number of Employees
Approx.180 as of starting production
*1: Exchange rate 90 JPY/ US$
*2: Regional management company (hub) for the Asia and Oceania region of the Toyota Boshoku group
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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TOYOTA BOSHOKU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automobile parts and textile products. The Company operates through four geographic segments including Japan, Americas, Asia & Oceania, as well as Europe & Africa. The Company is involved in the manufacture and sale of interior products, automotive filters and power train equipment parts, other automobile related parts, as well as textile related products.
More about the company
Last Close Price
2,472
JPY
Average target price
2,780
JPY
Spread / Average Target
+12.44%
Consensus
1st Jan change
Capi.
+10.50% 2.8B +7.65% 8.02B +2.56% 5.23B +9.87% 2.97B -18.34% 2.64B -4.83% 2.15B +27.86% 1.8B +4.38% 1.47B -24.01% 1.44B +22.11% 1.41B
Automotive Accessories
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