Toyoda to build production facility in Brazil

Toyoda Gosei (Aichi, Japan) is establishing a new company at Itapetininga, Brazil, to handle the production and sale of rubber and plastic components, Toyoda said today. The capital investment amounts to 90 million reais ($47 million), and Toyoda will have a 94.8% stake. The new company, Industria e Comerico de Componentes Quimicos e de Borracha, is expected to start production in November 2014. The decision to establish production in the South American region is driven by rising demand for rubber and plastic components, Toyoda...

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