Toyota Sales Company in Malaysia Marks 30 Years
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Toyota Sales Company in Malaysia Marks 30 Years - JCN Newswire
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Toyota Sales Company in Malaysia Marks 30 Years

Toyota City, Japan, Nov 7, 2012 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces that its joint-venture vehicle-sales company in Malaysia, UMW Toyota Motor Sdn. Bhd. (UMWT), held a ceremony at a hotel here today to commemorate its 30th anniversary.

UMWT welcomed Malaysian Deputy Minister of International Trade and Industry Jacob Dungau Sagan to the ceremony, which was also attended by TMC Executive Vice President Yukitoshi Funo, UMWT President Ismet Suki and others. At the ceremony, Funo expressed his gratitude by saying: "UMWT has marked its 30th year of business in Malaysia. This is a task that could not have been accomplished without the support of our customers and of our many guests who have kindly joined us today."

Funo also expressed TMC's commitment to Malaysia and hopes for growth. "The economy is stable, and the automotive market is steadily growing, thanks to the strong leadership of the government. In order to keep up with the growing market, we will further strengthen our efforts to contribute to the economy, environment and safety through cars that will be appreciated by the people of Malaysia", he said.

In 1982, TMC established Sejati Motor Sdn. Bhd. in Malaysia as a joint venture with Malaysia-based United Motor Works (UMW). Sejati Motor Sdn. Bhd. was renamed UMW Toyota Motor Sdn. Bhd. in 1987. At that time, the company's annual sales volume was approximately 30,000 units, but with the introduction of popular vehicles such as the "Vios" subcompact sedan in 2003 and the IMV-series1 "Hilux" pickup truck in 2005, annual sales have grown to approximately 90,000 units. Last year, Toyota saw a 15 percent share of the total passenger car market, the largest among non-domestic manufacturers.

Production of Toyota-brand vehicles in Malaysia, carried out by UMWT subsidiary Assembly Services Sdn. Bhd. (ASSB), began in 1968 with the "Land Cruiser" SUV, followed by the "Corolla", IMV series models and others. Cumulative production reached 500,000 units in 2000 and 1 million units in 2011.

TMC is also involved in social contribution activities in Malaysia, such as the Toyota Classics concert scheduled for November 8. Toyota Classics is an annual concert tour conducted since 1990 to promote music culture around Asia. Proceeds from ticket sales and "Hiace" vans will be donated to local social welfare organizations and "Prius" gasoline-electric hybrid vehicles will be presented to the Malaysia-Japan International Institute of Technology as a part of UMWT's 30th anniversary celebrations as well as marking the start of the Malaysian government's Look East Policy(2).

The Toyota Global Vision announced in March of last year calls for a reinforcement of activities in emerging markets. TMC is determined to satisfy the needs of consumers and contribute to the Malaysian economy and society by producing vehicles that exceed expectations.

Overview of UMW Toyota Motor Sdn. Bhd.
President:          Ismet Suki
Main business: Import, export, distribution and sales of vehicles
and parts
Main models sold: Vios, Hilux, Camry, Avanza, Corolla, Hiace, Prius,
Innova, Lexus-brand models
2011 sales results: Approx. 89,000 units
Equity: UMW Holdings (51%), Toyota Motor Corporation (39%),
Toyota Tsusho Corporation (10%)
Employees: Approx. 3,500 (As of October 31, 2012)

Overview of Assembly Services Sdn. Bhd.

Plant Director: Hideki Omae
Main business: Vehicle manufacture
Products: Vios, Hilux, Camry, Fortuner, Innova, Hiace
Product. capacity: 67,000 units/year (two-shift operation with
no overtime and holiday shifts)
2011 production: Approx. 59,000 units
Equity: UMW Toyota Motor Sdn. Bhd. (100%)
Employees: Approx. 2,900 (As of October 31, 2012)

(1) Based on an optimal worldwide production and supply system to quickly offer attractive vehicles at an affordable price to consumers around the world, the Innovative International Multi-purpose Vehicle (IMV) series consists of five vehicles - three pickup trucks, a minivan, and an SUV - specially developed in 2004 for introduction to over 140 countries and regions.
(2) A program for teaching Malaysian students and workers about work ethics, economic philosophy and successful case studies in Japan and other countries with the aim of contributing to economic development in Malaysia.

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of December 2012, Toyota conducts its business worldwide with 52 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com.

Contact:

Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150
 


Nov 7, 2012
Source: Toyota

Toyota (TSE: 7203) (U.S: TM)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Sales Results
View more news from these Sectors: Automotive General


 
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