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Toyota Industries

 
Hoover's Profile: Toyota Industries Corporation
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(Tokyo:62010)
Contact Information
Toyota Industries Corporation
2-1, Toyoda-cho
Kariya, Aichi 448-8671, Japan
Tel. +81-566-22-2511
Fax +81-566-27-5650

Type: Public
On the web: http://www.toyota-industries.com
 Employees: 39,528
Employee growth: 2.3%

Toyota Industries makes everything from automatic looms to automobiles. The company, which is 25% owned by Toyota Motor, was originally founded in 1926 as a maker of automatic looms. Today it continues to manufacture textile spinning and weaving machinery, in addition to cars, car parts, materials handling equipment, and semiconductor components. Its automotive segment produces the Vitz (called Yaris outside of Japan), RAV4, and Mark X ZiO car models, while its materials handling equipment segment produces lift trucks, aerial work platforms, and storage and logistics equipment. Toyota Industries operates plants in Asia, Europe, and the Americas.

Key numbers for fiscal year ending March, 2008:
Sales: $20,147.4M
One year growth: 26.5%
Net income: $810.3M
Income growth: 60.7%

Officers:
Chairman: Tadashi Ishikawa
President: Industrial Manufacturing

Competitors:
Aisin Seiki
Nissan Forklift
Rieter Holding

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Wikipedia: Toyota Industries
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Toyota Industries Corporation
Kabushiki-gaisha Toyota Jidō Shokki
株式会社豊田自動織機
Type Public company (TYO: 6201.T)
Founded 1926
Founder(s) Sakichi Toyoda
Headquarters Japan Kariya, Aichi
Industry Machinery
Products textile machinery, automobiles, materials handling equipment, electronics devices, etc.
Revenue 12.35 billion €
Employees 39,500
Subsidiaries Aichi Corporation
Tokaiseiki
Toyota Industry (Kunshan)
Toyota Industry Automotive Parts (Kunshan)
Toyota Industries North America
Toyota Material Handling Group
Toyota Industries Europe
Kirloskar Toyoda Textile Machinery,Bangalore India
etc.
Website toyota-industries.com

Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki-gaisha Toyota Jidō Shokki) TYO: 6201 is a Japanese machine maker. Originally a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed.

Contents

History

The company was founded in 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.[1] In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage of Japan as "a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group."[1]

In 1933, the company established its automobile department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda. This department was spun out as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 23.5% of common stock of its parent company Toyota Industries.

Current business

Toyota Industries is active in 5 business areas: automotive, materials handling, electronics, logistics and textile machinery.

Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana.

Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz/Yaris and the Toyota RAV4. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis, Corolla, Crown, Land Cruiser.

In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries, alongside BT's subsidiaries, U.S.-based The Raymond Corporation and the Italian CESAB. Combined with Toyota Industries materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.

Investor information

The company's shares are traded on the Tokyo Stock Exchange under symbol 6201.T.

See also

Notes

  1. ^ a b "Non-Stop Shuttle Change Toyoda Automatic Loom,Type G" (in Japanese). The Japan Society of Mechanical Engineers. http://www.jsme.or.jp/kikaiisan/data/no_016.html. 

External links

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