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10 Jul 2008
Toyota Boshoku to Establish an Automotive Seating Company in France
Toyota Boshoku Corporation (Headquarters: Kariya, Aichi Pref., President: Shuhei Toyoda)
will establish an automotive seating manufacturing company, Toyota Boshoku Somain S.A.S.,
in Somain, Nord-Pas de Calais, France.
The new company, which takes over the Sieto Plant of Faurecia S.A., a French automotive
seating manufacturer, is scheduled to start producing seats around 2010. All employees
currently working at the plant will be reemployed by the new company.
In Europe, Toyota Boshoku has so far produced automotive seats and other interior parts in
such counties as Turkey, Russia, and Slovakia. The new company will be its first
seat-assembling base set up in a European Union country. It will also be the second
manufacturing company that Toyota Boshoku establishes in France after an automotive
replacement bumper manufacturing company.
The outline of the new company will be as follows:
| 1. Company name: |
Toyota Boshoku Somain S.A.S. |
2. Location: |
Somain, Nord-Pas de Calais, France |
| 3. Representative: |
Atsushi Toyoshima, President & CEO of Toyota Boshoku Europe N.V., the Company's European headquarters |
| 4. Establishment: |
August 2008 |
| 5. Products: |
Automotive seating |
| 6. Production start: |
Around 2010 |
| 7. Number of employees: |
Approx. 300 |
| 8. Capital: |
21 million Euros (Approx. 3.4 billion yen*) |
| 9. Ownership: |
Toyota Boshoku Europe E.V. 100% |
| 10. Investment: |
24 million Euros (Approx. 3.9 billion yen*) |
| 11. Site area: |
74,000 m2 |
| 12. Building area: |
18,000 m2 |
*The exchange rate is 162.71 yen to the Euro.
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