Toyota Industries : Corporation Invests in New Lift Truck Manufacturing Plant in Brazil
04/05/2012| 01:52am US/Eastern
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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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