TOYOTA CELEBRATES OPENING OF NEW C$400 MILLION PLANT IN CANADA

Toyota City―Grand opening ceremonies were held this morning in Cambridge, Ontario for TOYOTA MOTOR CORPORATION'S new C$400 million manufacturing facility, Toyota Motor Manufacturing Canada Inc. (TMMC).

The plant, which is producing Toyota's Corolla, joins two U.S. operations already under way―New United Motor Manufacturing, Inc. (NUMMI) in California and Toyota Motor Manufacturing,
U.S.A., Inc. in Kentucky―as the company's third North American manufacturing site.

"This plant stands as a model of our belief in competition and cooperation in a free market system," Toyota Chairman Eiji Toyoda told an audience of about 2,000 attending the event.
"Its birth here in Cambridge as a Canadian company also reflects other Toyota beliefs: to contribute to the economy of a nation where we have taken out corporate citizenship and to enhance the already strong and lasting relationship between our two countries."

Joining Toyota's chairman at the ceremony were Ontario Premier David Peterson and other national, provincial, and local government officials. Audience members included TMMC suppliers and contractors, the company's 650 team members, and representatives from Toyota's U.S. and Japanese operations.

As a special gesture to the local community, the company presented six new Canadian-made Corollas to the Regional Municipality of Waterloo and to the city of Cambridge.

TMMC is slated to produce 18,000 Corollas this year and with the start-up of two-shift production this fall, the company's work force will grow from its current size of 650 to about 1,000. At full production in 1990, the facility is expected to build 47,000 units, some of which will be exported to the U.S.