News
The Establishment of "Toyota Boshoku Europe"
The Toyota Boshoku Corporation (Headquarters: Kariya-city, Aichi, Japan President: Masanao Motonami) will locally institutionalize the representative office of Belgium, "Toyota Boshoku European Office," and establish "Toyota Boshoku Europe Corporation."
The objective of institutionalization will be to create a strategic stronghold in Europe by utilizing Toyota Boshoku Europe Office's technological direction research and marketing data-collection related to design and development planning, as well as their procurement and production management functions. At the moment we are striving to strengthen marketing and procurement functions, as well as collaborate with Toyota Motor Engineering & Manufacturing Europe S.A./N.V.
Furthermore, in the European region, Toyota Boshoku produces seat covers in Slovakia, filters and engine instrument parts in Poland, and seats and doors in Turkey. In 2006 we plan on beginning the production of past model service parts bumpers in France.
| 1. Corporate Name | TOYOTA BOSHOKU EUROPE N.V. (abbv: TBEU) |
| 2. Location | Zaventem, Belgium |
| 3. Founded | Mid-July, 2005 (projected date) |
| 4. Capital | 3.57 Million Euro (roughly 500 million yen) |
| 5. Equity Ownership | Toyota Boshoku Corporation 35,669 shares, Yoshihiko Nishioka 1 share |
| 6. President | Yoshihiko Nishioka |
| 7. Business Operations | - Manufacturing and distributing automotive interior parts, as well as other automotive part projects - Subcontracting from Toyota Boshoku (Directional research: market and technology) |
| 8. Employees | 10 |
| 9. Sales | Roughly 160 million yen |