Toyota Boshoku's Polish joint venture to become a subsidiary
KARIYA, JAPAN, December 18, 2012-
ToyotaBoshoku Europe N.V. (Belgium), the European regional management company ofToyota Boshoku Corporation (Head office Kariya, Japan, President ShuheiToyoda), has increased its stakes in the Polish joint venture TBMECA POLAND Sp.zo.o. (TBMECA hereinafter) and made it a subsidiary.
ToyotaBoshoku Europe recently acquired 24.9% of the 50% shares owned by MECAPLAST,raising its stakes from 30% to a 54.9% majority share, thereby making TBMECAits subsidiary. The acquisition willstrengthen the Toyota Boshoku group’s management base in Europe.
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