Toyota City, Japan, Sept 3, 2011 - (ACN Newswire) - 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: TMC: 50%
FAW: 50%
Location: Plant No. 1
Xiqing Road, Yangliuqing, Xiqing District, Tianjin
Engine capacity: ZR, A (improved*): 159,000 units/year
Product lineup: ZR engine, A (improved*) engine, Coaster transmission
case, unfinished knuckle parts, unfinished V6 camshaft
parts, others
Location: Plant No. 2
13th Avenue, Tianjin Economic-Technological
Development Area (TEDA)
Engine capacity: ZR: 216,000 units/year
Product lineup: ZR engine
Employees: Approx. 2,000 (as of June 2011)
Timeline: 1996 - TTME established as JV with Tianjin Automobile
1998 - "A" engine production begins
2003 - Joint venture with FAW
2006 - TTME name changed to TFTE in conjunction with
FAW investment
2007 - ZR engine production begins
Milestones: 2005 - Cumulative production reaches 500,000 units
2008 - Cumulative production reaches 1 million units
2010 - Cumulative production reaches 1.5 million units
Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150
Topic: Production report
Source: Toyota Motor Corporation
Sectors: Automotive
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