TG Missouri to expand in Perryville with nearly $100M investment following Japan Trade Mission

PERRYVILLE, Mo. (KFVS) – TG Missouri, a division of Toyoda Gosei, has announced that it will expand in Perryville, investing approximately $97 million over the next three years.

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According to a release from Missouri Governor Mike Parson, the announcement comes following the Governor’s Trade Mission to Japan last year.

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The company’s expansion includes a commitment to maintain at least 1,600 full-time jobs, with benefits, in Perryville.

Gov. Parson says TG Missouri’s expansion will install new equipment, allow for further automation, and provide new business for its Perryville facility, which serves as TG North America’s main location.

TG Missouri has been in operation since 1987 and produces automotive parts such as steering wheels, airbags, and plastic trim components. The company’s customer base extends across the United States and into Canada, Japan, Australia, Mexico, and Taiwan.

Governor Parson met with Toyoda Gosei executives during the Trade Mission to Japan in October 2023. No state incentives were utilized for TG Missouri’s expansion, and the company’s growth underscores the importance of strong international relationships and the value of Missouri as a great location for business investment.

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Toyoda Gosei is one of several Japanese companies with a presence in Missouri, which include Hitachi, Kawasaki, Mitsubishi Heavy Industries, Nidec, Panasonic, and ZEN-NOH.

Gov. Parson says Japan remains a top source of foreign direct investment and key trade partner, with more than $475 million in goods exported to the country in 2023.

Governor Parson’s Trade Missions have resulted in nearly 2,000 new jobs and over $3 billion in business investment for the State of Missouri.

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