Oct. 24, 2005
Tianjin FAW Toyota's Plant No. 2 Starts Rolling Off Reiz Sedan
Tokyo ― TOYOTA MOTOR CORPORATION (TMC) today announced that Tianjin FAW Toyota Motor Co., Ltd. (TFTM)* held a line-off ceremony today for the Toyota Reiz (pronounced like "rays" and known in Japan as the Mark X) sedan at TFTM's Plant No. 2, in the Tianjin Economic and Technological Development Zone, Tianjin, China.
Approximately 130 people attended the line-off ceremony, including China FAW Group Corporation (FAW) Vice President Jin Yi, TMC Executive Vice President Yoshimi Inaba, TFTM President Shozo Takemoto and Deputy President Wang Gang, officials from the local government of Tianjin City, representatives of the Tianjin Economic and Technological Development Zone and various dealers.
In his greeting at the event, Inaba said, "I am confident that today's line-off ceremony for the Reiz marks the debut of a vehicle that will be able to bring forth a new set of values for the Chinese market, as a model that emphasizes enhancing the fun of driving."
TFTM began producing, at its Plant No. 1, the Vios compact sedan in October 2002 and the Corolla in February 2004. TFTM also began producing the Crown, in March, at its Plant No. 2, which was completed this year.
*A joint venture company established by TMC and FAW for the production of passenger vehicles
Approximately 130 people attended the line-off ceremony, including China FAW Group Corporation (FAW) Vice President Jin Yi, TMC Executive Vice President Yoshimi Inaba, TFTM President Shozo Takemoto and Deputy President Wang Gang, officials from the local government of Tianjin City, representatives of the Tianjin Economic and Technological Development Zone and various dealers.
In his greeting at the event, Inaba said, "I am confident that today's line-off ceremony for the Reiz marks the debut of a vehicle that will be able to bring forth a new set of values for the Chinese market, as a model that emphasizes enhancing the fun of driving."
TFTM began producing, at its Plant No. 1, the Vios compact sedan in October 2002 and the Corolla in February 2004. TFTM also began producing the Crown, in March, at its Plant No. 2, which was completed this year.
*A joint venture company established by TMC and FAW for the production of passenger vehicles
Outline of Tianjin FAW Toyota Motor Co., Ltd. (TFTM)
| Company name | Tianjin FAW Toyota Motor Co., Ltd. (TFTM) | |
| Representatives | Chairman: Zhu Yanfeng (president, FAW)
President: Shozo Takemoto |
|
| Date of establishment | June 2000 (name changed in September 2003) | |
| Duration of joint venture | 30 years | |
| Capitalization | Approx. 408 million U.S. dollars | |
| Equity participation | FAW: 20%; Tianjin FAW Xiali Corporation, Ltd.: 30%; TMC: 40%; Toyota Motor (China) Investment Co., Ltd. (TMCI): 10% | |
| Number of employees | Approx. 6,700 (as of October 2005) | |
| Location | Plant No. 1 | Plant No. 2 |
| Xiqing District, Tianjin | Tianjin Economic and Technological Development Zone | |
| Start of production | October 2002 | March 2005 |
| Product lineup | Vios and Corolla | Crown and Reiz |
| Production capacity | 120,000 units/year | 100,000 units/year (as of 2005) 150,000 units/year (in the future) |
| Building area | 30,000m2 | 150,000m2 (including office space) |
| Site area | 53,000m2 | 1,550,000m2 |
