Japan-based automobile parts manufacturer Toyoda Gosei has opened a new automobile parts manufacturing company, Toyoda Gosei Rubber Mexico (TGRMX) in the US with an investment of $1.5m.
The new plant is expected to strengthen the company's automotive rubber hose production in North America.
Located in Matamoros City of Tamaulipas, the new plant is scheduled to start production in February 2015 and is Toyoda Gosei's third manufacturing base in Mexico.
Following the start of production, TGRMX will supply and deliver fuel hoses as well as radiator hoses for automobile manufacturer Toyota in the US, Canada and Mexico regions.
The new 12,000sqm manufacturing plant is built on a site of area 29,000sqm and will be completely owned by the Toyoda Gosei North America.
The automobile parts manufacturer plans to generate revenue of about $3.2m form the new plant by its 2015 financial year.
