Toyota, An Phat Holdings Group seek to increase local sourcing by the carmaker
Toyota Việt Nam and An Phát Holdings Group (APH) are striving to increase localisation rate of plastic spare parts from current 30 per cent to 45 per cent.
Toyota Viet Nam and An Phat Holdings Group are striving to increase the rate of use of local plastic parts by the carmaker by half to 45 per cent.
This information was released during a working visit by Toyota Viet Nam general director Toru Kinoshita to the Ha Noi Plastic Company (HPC), a subsidiary of An Phat, in Ha Noi on Thursday.
The visit came as part of a Toyota programme to support HPC in managing its production since 2017.
Under the programme, which seeks to help Toyota’s suppliers in Viet Nam increase their supply rate, HPC made improvements to meet Toyota’s global standards and cut costs.
It made a lot of investment in technologies to improve its production processes and expand its capacity by 10 per cent.
Toyota is one of its biggest customers.
Bui Minh Hai, its chairman, said his company is committed to maintaining the improvements and supporting Toyota’s strategy to increase local sourcing.
Last year, the number of orders from Toyota Viet Nam to HPC was 30.
HPC supplies automobile and motorbike parts to major companies such as Toyota, Honda and Piaggio and electronic components to Panasonic and LG.
It targets becoming a leading firm in the plastic supporting industry.
An Trung Industries, another subsidiary of APH, recently signed a contract to supply mobile phone plastic parts to Elentec, a tier-1 supplier of Samsung.
It also set up the Vinfast-An Phat Plastic Auto Parts Company (VAPA) together with auto company Vinfast to produce plastic parts. — VNS
