Tong Yang Industry, the world’s largest aftermarket plastic parts supplier, has unveiled an ambitious expansion plan, marking the largest in the company’s history. As part of the strategy, Tong Yang recently acquired 48,000 square meters of land in the Tainan Science and Technology Industrial Park. This follows earlier purchases, bringing their total new land holdings to over 70,000 square meters. The expansion is expected to significantly increase Tong Yang’s production capacity and boost its annual output value by NT$10 billion (approximately US$310 million).
The company aims to address rising demand from North American markets, particularly after insurance giant State Farm began using non-original parts. Tong Yang plans to scale up production of automotive components, including bumpers, fenders, and active air intake grilles. The expanded facility will also allow Tong Yang to develop new products and enhance its one-stop supply capabilities.
Despite the aggressive expansion, Tong Yang faces significant financial commitments, having invested nearly NT$1.8 billion (US$55 million) in mold development last year, with plans to increase that to NT$2.1 billion (US$64 million) this year. The company’s strategy hinges on maximizing land use efficiency and continuing to seek additional land to secure its long-term growth prospects.
