Toyoda Gosei setting up plant in Brazil

摘要

Japanese automotive supplier Toyoda Gosei Co. Ltd is establishing a new company in Itapetininga, Brazil, that will manufacture rubber and plastic components. The Kiyosu-based company is investing 90 million Brazilian real (?34m) to set up the plant near Sao Paulo. The company cited rising demand and the prospect for expanded auto production in South America.