Dec. 21, 1989

TOYOTA'S U.K. MANUFACTURING COMPANY ESTABLISHED

 

Toyota City―TOYOTA MOTOR CORPORATION today announced the establishment of Toyota Motor Manufacturing (UK) Limited in Derby, England. The new company will be responsible for the management of Toyota's recently announced automobile and engine plants to be built in Derbyshire, England and Clwyd, North Wales.

Capitalized at £250 million, Toyota Motor Manufacturing is Toyota's first wholly owned European manufacturing company, and at full operation will be capable of producing 200,000 passenger cars and engines annually. Construction for both plants is expected to begin next spring, with completion scheduled for the end of 1991.

Also announced today was the company's Board of Directors. Mr. Junji Numata, a managing director on Toyota's Board of Directors in Japan and head of the company's European operations, has been named chairman of the new company. Managing director will be Mr. Yukihisa Hirano, currently general manager of Toyota's Machines & Tools Division. Appointed as deputy managing director and company secretary is Mr. Takeshi Nagaya, who will be joined by Mr. Hiroaki Watanabe, also named deputy managing director. In the future, Toyota plans to add local executives to the company's Board as well.

Hiring of British senior staff, including directors of manufacturing and corporate affairs, will begin in early 1990, with recruitment of managers and office staff to follow. Production staff for the two plants will be added beginning in late 1991.

"Toyota Motor Manufacturing (UK) will make a major contribution to the local communities, to the U.K. economy, and to the European auto industry as a whole," said Mr. Numata. "We look forward to integrating into the local and European communities in every way. We're intent on becoming a truly European company and will be working with the European business community."

Toyota Motor Manufacturing (UK) Ltd. will have 3,300 local employees in the U.K. when fully operational.

Outline of Toyota Motor Manufacturing (UK) Limited

  1. Location of head office
    Derbyshire Business Development Centre, Beaufort Street, Derby, DB2 6AX U.K.
  2. Capital
    £250 million
  3. Board members
    • Chairman
      Junji Numata, managing director of Toyota Motor Corporation (TMC)*
    • Managing Director
      Yukihisa Hirano, general manager of TMC's Machines & Tools Engineering Division
    • Deputy Managing Director and Secretary
      Takeshi Nagaya, general manager of TMC's Europe Project Division
    • Deputy Managing Director
      Hiroaki Watanabe, general manager of the Engineering Administration Department of TMC's Production Engineering Planning Division
    • Director (non-executive)
      Shiro Sasaki, executive vice president of TMC
    • Director (non-executive)
      Tatsuro Toyoda, executive vice president of TMC
    • Director (non-executive)
      Toshimi Onishi, senior managing director of TMC
    • Director (non-executive)
      Hiroshi Okuda, senior managing director of TMC

    *Mr. Numata will remain at Toyota headquarters in Japan in his capacity as TMC managing director.

  4. Automobile plant outline
    Location
    Burnaston, Derbyshire, England
    Operations
    Stamping, body welding, paint,
    plastics, and assembly
    Total investment
    £700 million (£400 million for phase I)
    Production start
    Late 1992
    Production volume
    200,000 units/year (100,000 units/yearfor phase I)
    Employment
    Approx. 3,000 (1,700 for phase I)
    Model
    1800cc-class passenger car
    Local content
    Targeted to reach 60% by August 1993
    Targeted to reach 80% by mid-1995
  5. Engine plant outline
    Location
    Deeside, Clwyd, North Wales
    Operations
    Machining and assembly
    Total investment
    £140 million (£110 million for phase I)
    Production start
    Mid-1992
    Production volume
    200,000 units/year (100,000 units/yearfor phase I)
    Employment
    Approx. 300 (200 for phase I)
    Engine type
    1800cc-class