Toyota Industries

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Toyota Industries Corporation
Kabushiki-gaisha Toyota Jidō Shokki
株式会社豊田自動織機
Type Public company
Traded as TYO: 6201.T
Industry Auto & Truck Parts
Founded 1926
Founder(s) Sakichi Toyoda
Headquarters Kariya, Aichi
Key people Akira Imura, Chairman
Tetsuro Toyoda, President
Products textile machinery, automobiles, materials handling equipment, electronics devices, etc.
Revenue 12.35 billion €
Employees 39,500
Parent Toyota Group
Subsidiaries Aichi Corporation
Tokaiseiki
Toyota Industry (Kunshan)
Toyota Industry Automotive Parts (Kunshan)
Toyota Industries North America
Toyota Material Handling Group
Toyota Industries Europe
Kirloskar Toyota Textile Machinery,Bangalore India
etc.
Website toyota-industries.com

Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki-gaisha Toyota Jidō Shokki) TYO: 6201 is a Japanese machine maker. Originally a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed. It is the world's largest manufacturer of forklift trucks measured by revenues.[1]

History[edit]

The company was founded in 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.[2] In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage of Japan as "a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group."[2]

In 1933, the company established its automobile department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 23.5% of common stock of its parent company Toyota Industries.

Current business[edit]

Toyota Industries is active in 5 business areas: automotive, materials handling, electronics, logistics and textile machinery.

Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana.

Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz/Yaris and the Toyota RAV4. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis, Corolla, Crown, Land Cruiser.

In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries,[3] alongside BT's subsidiaries, U.S.-based The Raymond Corporation[4] and the Italian CESAB.[5] Combined with Toyota Industries materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.

In October 2012, Toyota Industries acquired Cascade Corp, a maker of parts for the lift trucks industry, for a fee of $728 million.[6]

Investor information[edit]

The company's shares are traded on the Tokyo Stock Exchange under symbol 6201.T.

See also[edit]

Notes[edit]

  1. ^ "Toyota Motor Affiliate to Buy Cascade for $759 Million". Bloomberg. 23 October 2012. Retrieved 23 February 2013. 
  2. ^ a b "Non-Stop Shuttle Change Toyoda Automatic Loom,Type G" (in Japanese). The Japan Society of Mechanical Engineers. 
  3. ^ "BT - we manufacture and supply counterbalance trucks, warehouse trucks and lifters". Web.archive.org. 2007-12-28. Retrieved 2013-04-03. 
  4. ^ "Forklifts and Lift Trucks | Warehouse Management and Material Handling Solutions". Raymondcorp.com. Retrieved 2013-04-03. 
  5. ^ "Welcome to CESAB Material Handling Europe". Cesab-forklifts.com. Retrieved 2013-04-03. 
  6. ^ Reuters (22 October 2012). "Toyota Industries to buy Cascade for $728 mln". Reuters. 

External links[edit]