Japanese auto parts producer Toyota Boshoku Europe has taken control of TBMECA Poland, a Polish components business formerly part of a joint venture it runs with two partners.
TBMECA, owned jointly by Boshoku, Monaco-based car component moulder Mecaplast Group and Japanese-owned parts maker Denso Europe, produces plastics based engine oil and air filter components at a 5,200m² plant in Legnica, Poland. It employs 100.
Toyota Boshoku Europe (TBE), based in Zaventem, Belgium, announced it has raised its holding in the venture to 54.9% after acquiring 24.9% of the 50% stake of Mecaplast which retains a 25.1% share. Denso Europe holds 20% of the partnership.
The Polish acquisition by TBE, owned by Toyota Boshoku Corporation of Kariya, Japan, will strengthen the parent group’s management base in Europe. The group is committed to developing new European projects in Germany, France and Poland.
The three-way TBMECA moulding joint venture was formed originally in October 2003.
Toyota Boshoku also operates Boshoku Automotive Poland, a Polish headliner and car interior components manufacturing business in Tomaszow established in July 2011, as well as TBAI Poland, which makes metal parts for vehicle seating in Nowogrodziec, Poland.
In addition, Boshoku subsidiary Boshoku Automotive Czech plans to launch a new €3m interior parts plant in mid 2013 in the city of Pilsen in the Czech Republic. It will start production with the 50 strong workforce.