Toyota Motor Corp. : Cumulative Engine Production at Tianjin FAW Toyota Engine Co., Ltd. in China Reaches 2 Million Mark
September 01, 2011 at 06:45 am
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Sep. 01, 2011
Toyota City, Japan, September 1, 2011—Toyota Motor Corporation (TMC) announces today that Tianjin FAW Toyota Engine Co., Ltd. (TFTE), an engine-manufacturing joint venture TMC established with China FAW Group Corporation (FAW), recently reached cumulative production of two million engines.
Commenting on the milestone, Akira Sasaki, TMC senior managing officer and regional chief officer of China, said: "TFTE's cumulative production of 2 million engines is the result of cooperative work to produce Toyota vehicles that meet the needs of Chinese consumers. We are proud to say that TFTE has grown hand in hand with the Chinese automobile industry and has contributed to China and its economy."
In 1996, TMC, through a joint venture with Tianjin Automobile Industry (Group) Co., Ltd., established Tianjin Toyota Motor Engine Co., Ltd. (TTME), its first engine production base in China. Production of "A" engines began in 1998, and in 2003, a joint venture with FAW was formed, with the establishment of TFTE following in 2006. On May 16, 2011, TFTE marked its 15th anniversary.
TMC will continue to meet the needs of a broad range of vehicle users in China based on its founding philosophy of contributing to society through the manufacture of ever-better cars, while working to support the development of the Chinese automobile industry by creating jobs and developing human resources.
Outline of Tianjin FAW Toyota Engine Co., Ltd. (TFTE)
Establishment
May 16, 1996 (formerly Tianjin Toyota Motor Engine Co., Ltd. (TTME))
Chairman
Jin Yi
President
Makoto Watanabe
Equity participation
TMC: 50%
FAW: 50%
Location
Plant No. 1
Plant No. 2
Xiqing Road, Yangliuqing, Xiqing
District, Tianjin
13th Avenue, Tianjin
Economic-Technological Development
Area (TEDA)
Engine production
capacity
ZR, A (improved*): 159,000 units/year
ZR: 216,000 units/year
Product lineup
ZR engine, A (improved*) engine,
Coaster transmission case, unfinished
knuckle parts, unfinished V6 camshaft
parts, others
ZR engine
2010 production
results
Approx. 344,000 units
Employees
Approx. 2,000 (as of June 2011)
Timeline
1996TTME established as a joint venture with Tianjin Automobile1998"A" engine production begins2003Joint venture with FAW2006TTME name changed to TFTE in conjunction with FAW investment2007ZR engine production begins
Production
milestones
2005Cumulative production reaches 500,000 units2008Cumulative production reaches 1 million units2010Cumulative production reaches 1.5 million units
*Over the original "A" engine engineered by Tianjin FAW Xiali Automobile Co., Ltd.
Toyota Motor Corporation is one of the Japanese leaders of automotive construction. Net sales break down by activity as follows:
- sale of vehicles (90.4%): 7,646 units sold in 2020/21 (Toyota, Lexus, Hino and Daihatsu brands);
- financial services (7.8%): especially vehicle purchase financing;
- other (1.8%).
Net sales break down geographically as follows: Japan (31.6%), Asia (16.7%), North America (34.3%), Europe (10.9%) and other (6.5%).