The valuable assets of Meteor, including proprietary technologies, expertise, and underlying human and other resources, will help Toyoda Gosei to establish a firmer foothold in Europe and expand business with Daimler, BMW, Audi, and other European automakers there. TG Meteor is scheduled to be consolidated into the Toyoda Gosei Group from the fiscal year ending March 31, 2015.
President of TG Meteor is Burkhard Brühl, former CEO of Meteor Gummiwerke. Projected sales for fiscal year 2014 are approximately 140 millions Euro. Products are automotive sealings such as weatherstrips.
(dw)
