Toyoda Gosei starts operation of new auto airbag plant in Mexico

Toyoda Gosei Co Ltd has generated a new plant in Mexico, the TAPEX Mexicana, S.A. de C.V. (TAPEX) Monterrey Plant, and began its development of the carriers that are a main element of automotive airbags.

In Toyoda Gosei’s medium-term 2025 business plan, airbags and other safety system products certainly are a crucial area which will drive long term business growth, and the business is focusing work on increasing revenue to Japanese automakers and some other clients. The bags are produced predominantly in Mexico and Vietnam to improve cost competitiveness. With the procedure of the brand new plant in Mexico, Toyoda Gosei will increase annual bag production capability by about 8 million units.

The company plans to improve airbag production in the complete Toyoda Gosei Group by about 1.6-fold, to approximately 100 million systems, above the five years from FY2018 to FY2023.