Toyota Phils Increases Transmission Production
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Tokyo—TOYOTA MOTOR CORPORATION (TMC) announced today that Toyota Autoparts Philippines Inc. (TAP) plans to increase both annual production and exports of manual transmissions. As such, in 2009, it plans to produce approximately 340,000 units, compared to approximately 180,000 units in 2006, and to export approximately 330,000 units, compared to approximately 170,000 units in 2006.
TAP—the global production and supply hub for manual transmissions within the IMV Project*, with exports last year to eight countries/regions, including Thailand and Indonesia—intends to construct a new building within its current grounds to accommodate the planned production and export increases, which call for an additional investment of approximately 5.6 billion pesos and about 300 new jobs.
Philippine government officials, including Philippine President Gloria Macapagal-Arroyo, Japanese Ambassador to Philippines Ryuichiro Yamazaki and TMC Senior Managing Director Akira Okabe, took part in a groundbreaking ceremony at TAP today for the new building.
Outline of TAP
|
Company name |
Toyota Autoparts Philippines Inc. (TAP) |
|
Location |
Santa Rosa, Laguna, the Philippines (approx. 40km from Manila) |
|
Representative |
Yasuro Takeuchi |
|
Number of employees |
Approx. 730 (as of the end of January 2007) |
|
Establishment |
August 1990 |
|
Capitalization |
1 billion pesos |
|
Equity participation |
TMC: 95%, Toyota Motor Philippines Corp. (TMP): 5% |
|
Start of production |
September 1992 |
|
Production capacity
|
Manual transmissions: As of March 2007: 150,000 units/year (2 shifts without overtime) From 2008: 330,000 units/year (2 shifts without overtime) Constant velocity universal joints: As of March 2007: 160,000 units/year (2 shifts without overtime) |
*The Toyota IMV (Innovative International Multipurpose Vehicle) Project is aimed at creating an optimal production and supply network on a global scale. Currently, it includes the production of three pickup truck models as well as minivans and SUVs in nine countries, including Thailand. TAP plays a central role in the Project as the global manual transmission production and supply hub.
(reprinted from Toyota Philippines Website )
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Big achievement para sa mga empleyado ng tap at sa ating bansa. mabuhay ang "TAP."