Toyota Marks Start of Hiace Export from Malaysia to Thailand.
A ceremony to mark the start of exports was held today at ASSB in Selangor Darul Ehsan. Many honored guests were in attendance, including Malaysian Deputy Prime Minister Najib Tun Razak and Japanese Ambassador to Malaysia Tadashi Imai. Also present were TMC Senior Managing Director Akira Okabe, UMWT Chairman Tan Sri Asmat Kamaludin, Deputy Chairman Yoshimi Ishii and Managing Director David Chen.
In his speech, Okabe said, "The start of Hiace exports to Thailand is a very historical event in Toyota's operation in Malaysia. This is in line with the Malaysian automotive policy announced in March. We at Toyota will continue to make efforts to strengthen our manufacturing operations and to contribute to the development of the Malaysian auto industry."
Plans call for 3,300 units of the Hiace to be produced at ASSB in 2006, of which 1,300 units will be exported to Thailand and for Hiace exports to increase in 2007. ASSB has been producing automobiles since 1968, but the export of the Hiace marks the first time for the company to export a completed vehicle.
Since its initial launch in 1967, the Hiace has been renowned for its high performance and high quality in Japan, as well as in countries in Asia, the Middle East, Oceania, Africa and Latin America.
TMC hopes the export of the Hiace, which is a highly competitive vehicle of world-class quality, will contribute to the further development of Malaysia.
*ASSB is UMWT's wholly owned assembly plant in Malaysia.
Outline of UMWT Company name: UMW Toyota Motor Sdn. Bhd. (UMWT) Managing director: David Chen Field of business: Import, export and sales of vehicles/parts 2005 sales results: 93,200 units Shareholder composition: UMW Holdings (51%), TMC (39%), Toyota Tsusho Corporation (10%) Number of employees: 2,700 Outline of ASSB Company name: Assembly Services Sdn. Bhd. (ASSB) Product lineup: Corolla, Camry, Hiace, VIOS, Hilux, Innova, Fortuner, engines 2005 production results: 54,900 units (including 10,500 engines) Shareholder composition: UMW Toyota Motor Sdn. Bhd. 100% Number of employees: 2,900
About Toyota Motor Corporation
Toyota Motor Corporation (TSE: 7203; NYSE: TM) develops and manufactures vehicles, and is one of the largest car manufacturers in the world, offering a wide range of products from minivehicles to trucks. In addition to its core business, Toyota has a large business portfolio in financial services, including sales finance, vehicle insurance, and credit cards. It is also involved in telecommunications through a subsidiary that provides cellular services in Japan. Other diversified businesses include industrial equipment, prefabricated housing, and leisure boats. The company is headquartered in Aichi, Japan. Fot more information, please visit www.toyota.co.jp/en/index.html.
Source: Toyota Motor Corporation
Toyota Motor Corporation Public Relations Department http://www.toyota.co.jp/en/index_company.html
Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
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|Date:||May 29, 2006|
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