This represents a $65M CAD investment for Toyota Boshoku's North America company, Toyota Boshoku America (hereinafter referred to as TBA). The new company will produce the RAV4 seat, door trim and carpet interior parts for Toyota Motor Manufacturing Canada's (TMMC) Woodstock plant, which will begin operations in 2008.
Currently, Toyota Boshoku Corporation has fifteen production facilities in North America (including wholly owned and JV's). TBA is taking the lead to strengthen their organization structures and develop best practices for an efficient business management system. The establishment of this new Canada based company along with current North America production sites is important for Toyota Boshoku's North America business development.
(The outline of a new company)
1. Company name Toyota Boshoku Canada,Inc.(TBCA)
2. Date established July 2006
3. Location Woodstock, Ontario CANADA
4. Investment $65M Canadian dollars
5. Ownership Toyota Boshoku America, Inc. 100%
6. Products Vehicle Seat, Door trim, Carpet
7. Start of operation 2008 (Plan)
8. Annual volume 150,000 vehicle units/year
9. Number of associates Approximately 330
10. Lot size Approximately 145,000 m2
11. Building size Approximately 25,000 m2
(The outline of equity participant)
1. Company name TOYOTA BOSHOKU CORPORATION
2. Location 1-1, Toyoda-cho, Kariya, Aichi, Japan
3. Capital 8.4 billion yen
4. President Shuhei Toyoda
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 877.596 billion yen (Fiscal year ended
March 2006)
7. Date established May,1950
8. Number of associates Approximately 6600 (Fiscal year ended
March 2006)
9. Fiscal year Ends March 31