Toyota Industries Corporation history, company profile (overview) and corporate video
Toyota Industries Corporation is a Japanese manufacturer of textile machinery, materials handling equipment, automobiles, automobile parts, and electronics. It is headquartered in Kariya, Aichi, Japan.
Toyota Industries is part of the Toyota Group, one of the largest conglomerates in the world.
OPERATIONS
The company operates through the following segments: Automobile, Materials Handling Equipment, and Textile Machinery.
Automobile
The Automobile segment includes vehicles, engines, car air-conditioning compressors, and car electronics.
Materials Handling Equipment
The Materials Handling Equipment segment develops, produces, sells and provides services for a broad range of products, from industrial vehicles centered around a full lineup of lift trucks to materials handling systems.
Textile Machinery
The Textile Machinery segment involves spinning machines that spin twisted fiber bundles into yarn and weaving machines that weave spun yarn into fabrics.
HISTORY
Toyota Industries was founded in 1926 as Toyoda Automatic Loom Works, Ltd. to manufacture and market the automatic loom invented by Sakichi Toyoda.
In 1933, the company set up its Automobile Department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda.
In 1937, the Automobile Department was separated and became Toyota Motor Co., Ltd. (now Toyota Motor Corporation).
In 1940, the Steel Production Department was separated and became Toyota Steel Works, Ltd. (now Aichi Steel Corporation).
In 1949, Toyota Industries was listed on Tokyo, Osaka, and Nagoya Stock Exchanges.
In 1988, Toyota Industrial Equipment Manufacturing, Inc. (TIEM) was established in Columbus, Indiana, USA, as a joint venture with Toyota Motor Corporation.
In 1989, Michigan Automotive Compressor, Inc. (MACI) was established in Jackson, Michigan, USA, as a joint venture with Nippondenso Co., Ltd. (now DENSO Corporation).
In 1994, Toyota Industry (Kunshan) Co., Ltd. (TIK) was established in China as a joint venture with Toyota Tsusho Corporation and Lioho Machine Works, Ltd.
In 1995, Toyota Industrial Equipment, S.A. (TIESA)(now Toyota Material Handling Manufacturing France SAS) was established in France as a joint venture with Toyota Motor Corporation and Manitou B.F. That year, Kirloskar Toyota Textile Machinery Pvt. Ltd. (KTTM) was also established in India as a joint venture with the Kirloskar Group.
In 1998, TD Deutsche Klimakompressor GmbH (TDDK) was established in Germany as a joint venture with DENSO Corporation to produce car air-conditioning compressors.
In 2000, the company acquired BT Industries AB of Sweden (now Toyota Material Handling Europe AB), one of the world’s largest manufacturers of warehouse equipment.
In 2001, the company changed its name to Toyota Industries Corporation.
In 2002, Advanced Logistics Solutions Co., Ltd. was established.
In 2003, Aichi Corporation, a manufacturer and seller of truck-mounted aerial work platforms, etc., became a subsidiary of Toyota Industries.
In 2004, TD Automotive Compressor Georgia, LLC (TACG) was established to produce car air-conditioning compressors in the U.S.
In 2005, Toyota Industries Trading & Logistics (China) Co., Ltd. (TTLC) (now Toyota Industries Management (China) Co., Ltd.) was established.
In 2011, P.T. TD Automotive Compressor Indonesia was established in Indonesia to produce car air-conditioning compressors. That year, Toyota Industrial Equipment Vietnam Co., LTD. was also established in Vietnam to produce lift truck parts and small warehouse equipment.
In 2012, the Company acquired Uster Technologies AG, which produces and sells yarn quality measurement and cotton classing instruments. That year, Yantai Shougang TD Automotive Compressor Co., Ltd. was also established in China to produce car air-conditioning compressors.
In 2013, the Company acquired Cascade Corporation of the U.S.A., which produces and sells attachments for industrial equipment. That year, Toyota Material Handling Mercosur Indústria e Comércio de Equipamentos Ltda in Brazil also started production of lift trucks.
In 2014, the Company established Toyota Industries Global Commercial Finance, Inc., a global sales finance management company headquartered in the U.S., and Toyota Industries Commercial Finance, Inc., U.S. sales finance subsidiary of Toyota Industries Global Commercial Finance.
In 2015, the Company acquired the lift truck operations of Tailift Co., Ltd. and establishes LT Material Handling Pte. Ltd. That year, Toyota Industries Engine India Pvt. Ltd. was also established in India to produce diesel engines.
In 2017, the Company acquired Bastian Solutions LLC of the U.S.A, and Vanderlande Industries Holding B.V.of the Netherlands to bolster global material handling solutions.
With over 64 000 employees and more than 276 worldwide group companies, it is considered one of the world’s largest manufacturers of forklift trucks measured by revenues. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.toyota-industries.com”.
**Video published on YouTube by “豊田自動織機 公式YouTubeチャンネル“.