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4-Traders Homepage  >  Equities  >  Tokyo  >  TOYOTA INDUSTRIES CORPORATION    6201   JP3634600005

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Toyota Industries : Corporation Invests in New Lift Truck Manufacturing Plant in Brazil

04/05/2012 | 01:52am US/Eastern

KARIYA (Japan) - Toyota Industries Corporation (TICO) announced TICO will build its first lift truck manufacturing plant in the state of Sao Paulo in Brazil. The plant is scheduled to begin production in October 2013.

Currently, TICO has a sales company in the state of Sao Paulo, Toyota Material Handling Mercosur Industria e Comercio de Equipamentos Ltda (TMHM), which provides sales and service of imported lift trucks. The new plant will be established as a manufacturing division of the existing sales company.

As a market leader, TICO provides a full range of lift trucks and other materials handling equipment to customers worldwide. "The addition of the Brazil plant strategically strengthens TICO's capabilities to meet the unprecedented product demands of the emerging Brazilian market. TICO's long-term strategy is to continue to study and establish the best production and distribution structure throughout the world to meet demands of emerging markets," said Kazue Sasaki, senior managing director in charge of TICO's Materials Handling Equipment Division.

"It is a great honor for us to manufacture Toyota brand lift trucks in the great country of Brazil.TMHM will work diligently to deliver the highest quality service, innovation and technology to meet our customers' business needs," said Hiroyuki Ogata, president of TMHM.

[Profile - Brazil Plant]
LocationArtur Nogueira, Sao Paulo, BrazilStart of ProductionOctober 2013 (planned)Total Investment101 million Brazilian realsPlant Size
Site area: Approx. 93,000m2
Building area: Approx. 31,000m2
EmployeesApprox. 120 (planned for Oct 2013)Annual Production Capacity5,000 units

[Profile - TMHM]
Company NameToyota Material Handling Mercosur Industria e Comercio de Equipamentos LtdaHeadquarter LocationDiadema, Sao Paulo, BrazilDate of EstablishmentJanuary 2004Capital135 million Brazilian reals (as of March 31, 2012)OwnershipWholly-owned by Toyota Industries CorporationDescription of BusinessManufacture, sales and service of industrial equipmentEmployees322 (as of March 31, 2012)

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This press release was issued by Toyota Industries Corporation and was initially posted at http://www.toyota-industries.com/news/2012/120405tmhm/ . It was distributed, unedited and unaltered, by noodls on 2012-04-05 07:48:57 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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