PERRYVILLE, Mo.–Over the next three years, Toyoda Gosei will invest $97 million into their facility, TG Missouri, located in Perryville, Missouri.
“TG has been in the Perryville community for over 35 years, and we were the first TG location in North America,” said Robert Patrick, President of TG Missouri. “Perryville is a rural community with a population of 8,500. TG is an integral part of the local economy. We provide jobs and contribute to our region's industrial growth. Our focus on quality and innovation extends beyond our products, and we aim to support our community and contribute to the quality of life for our team members and their families. We emphasize safety, sustainability, and continuous improvement, aligning with Toyoda Gosei’s commitment to excellence in the automotive industry. We are excited to see this growth and for it to continue for years to come.”
TG Missouri is committed to maintaining at least 1,600 full-time positions, with benefits there. With the expansion, they’ll install new equipment to allow further automation and provide new business for its facility. The company has been in operation since 1987 and manufactures automotive parts including steering wheels, airbags, and plastic trim components. TG Missouri’s customer base extends outside the United States to Canada, Japan, Australia, Mexico, and Taiwan.
“Toyoda Gosei is a world-wide industry, and each opportunity for Perryville could also be an opportunity for another continent, country, state, or city,” said Perryville Mayor Larry Riney. “We greatly value this opportunity to work together to help TG invest right here in Perryville as they work to strengthen their company’s worldwide portfolio and industry presence.”
Governor Mike Parson went on a trade mission to Japan in October of 2023. No state incentives were utilized for the expansion according to the Governor’s office.
“We’re excited to see TG Missouri continuing to grow in Perryville after our visit with Toyoda Gosei in Japan last year,” said Governor Parson. “This significant investment is exactly the kind of results that our international Trade Missions were designed to encourage. We appreciate this leading manufacturer’s ongoing commitment to our state and look forward to the benefits that its success will provide for Missourians.”
These trade missions are designed to encourage foreign companies to invest in Missouri’s strong capacity for trade. Governor Parson has participated in 10 international trade missions to 15 countries during his tenure. The Trade Missions are funded by the Hawthorn Foundation, a Missouri nonprofit organization, and supported by the Department of Economic Development.
Other Japanese companies have invested into Missouri with their presence including Hitachi, Kawasaki, Mitsubishi Heavy Industries, Nidec, Panasonic, and ZEN-NOH. $475 million in goods were exported to the U.S. in 2023.
“We would like to thank TG Missouri for their continued trust and faith in the Perryville community and also Becky Willard and the Hawthorn Foundation for facilitating our meeting in Japan,” Brent Buerck, Perryville City Administrator, said. “They are truly unsung heroes of Missouri economic development.”