Move of Toyota Boshoku America to Kentucky
Toyota Boshoku America, Inc. (hereinafter TBA) a North American regional governance company of Toyota Boshoku Corporation (Headquarters: Kariya City, Aichi, Japan. President: Shuhei Toyoda) will move its Headquarters to Erlanger, Kentucky from Novi, Michigan in August 2007 to enhance business activities in the North American region.
By moving the Headquarters operations to Kentucky from Michigan, for mainly the management and production control functions, TBA will strengthen liaison with customers and also with Toyota Boshoku group companies. At the same time, it will enhance each business function so as to construct an effective operational scheme as a regional governance company. For this purpose, the operations of the Cincinnati Office in Florence, Kentucky, established in July 2006, will also be transferred to the new Headquarters.
The original two facilities in Michigan will be consolidated into a new Novi Office, and the R&D function will be based there with increased staffers to reinforce its capability.
Supplementary Information
＜Outline of TBA＞
| 1. Company Name: | TOYOTA BOSHOKU AMERICA, INC. |
| 2. Location: | Novi, Michigan, U.S.A. |
| 3. Representative: | Sunao Yamamoto, President |
| 4. Establishment: | May, 2001 |
| 5. Capital: | 47.08 million U.S. dollars (approximately 5.59 billion yen) |
| 6. Equity: | Toyota Boshoku Corporation 100% |
| 7. Business description: | Supervision in North, Central and South American regions (19 production facilities) Research and development, design engineering and sales for automotive seats and interior parts |
| 8. Sales: | 54.09 million U.S. dollars (approximately 6.42 billion yen* in the year ended March 2006) |
| 9. Number of Employees: | 137 (as of March 31, 2007 |
* Calculated at the rate of 118.70 yen to one U.S. dollar
