Logistics Management Company Starts Operations in China; FAW-Guangzhou Automobile-TMC Joint Venture Targets Efficiency, Lower Costs.Tokyo, Japan, Oct 1, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Toyota Motor Corporation (TMC TMC Technology Marketing Corporation (Norwalk, Connecticut) TMC Texas Medical Center (Houston, TX) TMC Traffic Message Channel TMC The Movie Channel TMC Traffic Management Center ) announced that Tong tong 1 tr.v. tonged, tong·ing, tongs To seize, hold, or manipulate with tongs. [Back-formation from tongs. Fang Global Logistics Co., Ltd. (TFGL), a logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet joint venture it established with China FAW FAW Florida Administrative Weekly FAW Football Association of Wales FAW Forschungsinstitut für Anwendungsorientierte Wissensverarbeitung FAW First Auto Works (China) FAW First Aid at Work FAW Fleet Air Wing FAW Fire At Will Group Corporation (FAW) and Guangzhou Automobile Group Co., Ltd. (Guangzhou Automobile) in July, began operations today in the Tianjin Economic and Technological Development Zone. This is the first joint venture among FAW, Guangzhou Automobile and TMC. TFGL aims to increase efficiency and reduce costs by consolidating logistics operations, which, until now, were handled by each Toyota affiliate in China contracting individually with logistics companies. TFGL will also combine the logistics know-how cultivated cultivated, n in herbal medicine, used to describe plants that are commercially farmed rather than collected from the wild. separately thus far by FAW, Guangzhou Automobile and TMC and will undertake planning, computer-network-based logistics management and logistics consulting to help improve the quality of logistics at local distribution companies. Outline of Tong Fang Global Logistics Co., Ltd. (TFGL)
Company name: Tong Fang Global Logistics Co., Ltd. (TFGL)
Location: Tianjin Economic and Technological Development Zone
Representatives Chairman: Jin Yi (FAW) - part-time
President: Nobuhito Saito (TMC) - full time
Established /
Period of business: July 16, 2007/20 years
Capitalization: 5 million U.S. dollars
Equity participation: TMC: 40%, FAW: 35%, Guangzhou Automobile: 25%
Number of employees: Approx. 40 (at start of operations on Oct 1, 2007)
Main business: Logistics for Toyota affiliates in China (including
planning and coordination), logistics consulting
Targeted products: Completed vehicles (vehicles manufactured in China
and imported vehicles), production parts, replacement
parts
Starting business: October 1, 2007
About Toyota Motor Corporation Toyota Motor Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7203; NYSE NYSE See: New York Stock Exchange : TM), established in 1937, is one of the world's representative automobile manufacturers, producing vehicles in 26 countries and regions and marketing vehicles in more than 170 countries and regions. In fiscal 2006, Toyota provided nearly eight million vehicles on a consolidated basis to customers around the world under the Toyota, Lexus, Daihatsu and Hino brands. Toyota had more than 280,000 employees at the end of fiscal 2006. The company is headquartered in Aichi, Japan. For more information, please visit www.toyota.co.jp/en/index.html . Source: Toyota Motor Corporation Contact: Toyota Motor Corporation Corporate Communications Department/ Public Affairs Division Tel: +81-3-3817-9150 URL: http://www.toyota.co.jp/en Japan Corporate News Network. All rights reserved. |
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