News
Establishment of a Manufacturing Company for Car Seats in St. Petersburg
Toyota Boshoku Corporation
Toyota Tsusho Corporation
Toyota Boshoku Corporation (Headquarters: Kariya-city, Aichi, Japan, President: Masanao Motonami) and Toyota Tsusho Corporation (Headquarters: Nagoya-city, Aichi, Japan, President: Junzo Shimizu) will establish a joint venture company to produce seats for vehicles in St. Petersburg, Russia. This is the initial launch to the Russian market among automotive parts suppliers in the Toyota Group.
Toyota Boshoku Corporation is promoting global business development that centers on four strategic areas, North and South America, China, ASEAN, and Europe. Today Toyota Boshoku global network amounts to 55 manufacturing facilities and offices in 18 countries. The establishment of the new company in Russia aims at a further expansion of the seat business worldwide.
Toyota Tsusho Corporation has been deploying wide range of business in the Russian market with its opening of the representative office in Moscow in 1985, and the first Toyota car dealer shop in Russia in 1991. Making best use of its experiences accumulated over the past 20 years, Toyota Tsusho provides the new company with necessary supports, especially on external affairs and logistics.
The new joint venture company will commence manufacturing seats for Toyota Camry at the end of year 2007 in house of OOO "TOYOTA MOTOR MANUFACTURING RUSSIA", a subsidiary of TOYOTA MOTOR CORPORATION.
| 1. Company Name: | OOO "Toyota Boshoku" (under the state registration) |
| 2. Establishment: | April, 2006 |
| 3. Location: | St. Petersburg, Russia |
| 4. Capital: | 53 million Rubles (approx. 230 million Japanese Yen) |
| 5. Equity participants: | Toyota Boshoku Corporation: 95% Toyota Tsusho Corporation: 5% |
| 6. Production items: | Seats for vehicles |
| 7. Start of operation: | December, 2007 (planned) |
| 8. Production volume: | Initially 20,000 units/year |
| 9. Number of employees: | Approx. 90 (at start of production) |
| 10. Investment: | Approx. 330 million Japanese Yen |
| 1. Company Name: | TOYOTA BOSHOKU CORPORATION |
| 2. Location: | 1-1, Toyoda-cho, Kariya, Aichi, Japan |
| 3. Capital: | 8.4 billion yen |
| 4. President: | Masanao Motonami |
| 5. Business Operations: | - Development of automotive interior systems; manufacture and sales of automotive interior products. - Manufacture and sales of automotive filters and power train components. - Manufacture and sales of other automotive components. - Production and sales of fabric goods. |
| 6. Consolidated Sales: | 456.311 billion yen (Fiscal year ended March 2005. Amounts between April 2004 to September 2004 is of TOYODA BOSHOKU, the company before the merger) |
| 7. Establishment: | May, 1950 |
| 8. Employees: | Approx.6500 (Intermediate of fiscal year ended March 2006) |
| 9. Fiscal Year: | Ends March 31 |
| 1. Company Name: | Toyota Tsusho Corporation |
| 2. Location: | 9-8, Meieki 4-chome, Nakamura-ku, Nagoya, Aichi, Japan |
| 3. Capital: | 26,748,717,188 yen |
| 4. President: | Junzo Shimizu |
| 5. Business Operations: | - Domestic and international trade in raw materials and products. |
| 6. Consolidated Sales: | 315.83 billion yen (Fiscal year ended March 2005. Before the merger with Tomen.) |
| 7. Establishment: | July,1948 |
| 8. Employees: | 2,910 (Total of two companies, Toyota Tsusho and Tomen, at September 2006) |
| 9. Fiscal Year: | Ends March 31 |