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10 Apr 2006
The Establishment of the manufacturing company of car seat 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.
<Outline of the new company>
| 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 |
<Outline of equity participants>
TOYOTA BOSHOKU CORPORATION
| 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 |
Toyota Tsusho Corporation
| 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 |
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