Tokyo, Japan, May 13, 2008 - (ACN Newswire) - Toyota Motor Corporation (TMC) announced today
that Tianjin FAW Toyota Motor Co., Ltd. (TFTM), a vehicle-production joint venture between
China FAW Group Corporation (FAW) and TMC, plans to increase the annual production capacity at
its Plant No. 2 from 100,000 to 150,000 vehicles toward the end of 2009.
The increase in annual production capacity at Plant No. 2 will enable TFTM to produce 470,000
vehicles a year, allowing it to better respond to the growing automobile market in China. It
will be made possible by a 23 billion yen investment of TFTM funds and is expected to lead to
the creation of 1,500 jobs.
Approximately 500 people attended a ceremony to announce the decision today at Plant No. 2 in
the Tianjin Economic-Technological Development Area (TEDA), including Tianjin City Vice Mayor
Yang Dongliang, other city government officials, FAW President Xu Jianyi, TMC Senior Managing
Director Akira Sasaki and TFTM President Masahiro Kato.
At the same ceremony, TFTM also disclosed plans to establish a research and development center
as part of its efforts to enhance its vehicle development capabilities.
Outline of TFTM (as of April 30, 2008)
Company name Tianjin FAW Toyota Motor Co., Ltd. (TFTM)
Representatives Chairman: Xu Jianyi (president, FAW)
President: Masahiro Kato
Established June 2000 (name changed in September 2003)
Duration of JV 30 years
Capitalization Approx. 408 million U.S. dollars
Equity participation FAW: 20%, Tianjin FAW Xiali Corporation, Ltd.: 30%,
TMC: 40%, Toyota Motor (China) Investment Co., Ltd.
(TMCI): 10%
Number of employees 12,100
Location Plant No. 1
Xiqing District, Tianjin
Site area 60,000m2
Start of production October 2002
Number of employees 3,100
Product lineup VIOS and Corolla EX
Annual production 120,000 units 100,000 units
Location Plant No. 2
TEDA, Tianjin
Site area 1,550,000m2
(Plant No. 2 and No. 3 combined)
Start of production March 2005
Number of employees 5,100
Product lineup Crown and REIZ
Annual production 100,000 units
150,000 units (by end of 2009)
Location Plant No. 3
TEDA, Tianjin
Site area 1,550,000m2
(Plant No. 2 and No. 3 combined)
Start of production May 2007
Number of employees 3,900
Product lineup Corolla
Annual production 200,000 units
About Toyota Motor Corporation
Established in 1937, Toyota Motor Corporation (TSE: 7203; NYSE: TM), which celebrates its 70th
anniversary this year, has developed into one of the world's best known automobile
manufacturers. The Toyota Group sold over 8.5 million vehicles under the Toyota, Lexus,
Daihatsu, and Hino brands in more than 170 countries and regions in fiscal 2007. Further, the
Company's production is firmly rooted in local communities, with 52 companies manufacturing
vehicles and parts in 26 countries and regions. Toyota had approximately 300,000 employees on a
consolidated basis at the end of fiscal 2007. 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
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