PRESIDENT Ferdinand Marcos Jr. today visited the automotive manufacturing plant of Toyota Motor Philippines Corporation (TMP) and the manual transmission plant of Toyota Aisin Philippines (TAP) inside the Toyota Special Economic Zone in Laguna province. The President was welcomed by Japan's Toyota Motor Corporation (TMC) Chairman Akio Toyoda and TMP's local officials led by Chairman Alfred V. Ty.
Comment from TMP Chairman Alfred V. Ty
We are honored to have President Marcos visit the Toyota Santa Rosa Plant today. We sincerely appreciate this visit.
From a modest start-up of about 20 people in 1988, we have grown into a major hub for Toyota, with a cumulative group investment of 73.7 billion pesos, payment of 448 billion pesos in duties and taxes, and exports of automotive parts and components worth US$18.76 billion. We have grown into a major base for Toyota.
Going forward, we believe that protecting the Philippines' automotive industry, including parts production, is the only way to protect jobs and livelihoods in this country, and we have asked the President for his continued support for the entire supply chain.
All of these milestones would not have been possible without that support, and on behalf of the more than 71,000 members of Team Toyota Philippines, including TMP, suppliers, and dealers, I would like to express our sincere gratitude to President Marcos and all stakeholders in the Philippines.
Comment from TMC Chairman Akio Toyoda
I would like to express my deepest gratitude to President Marcos for making time to visit the Toyota Philippines plant today. The Ty family* and Toyota started business in the Philippines in 1988, and thanks to the support of the government and the people of the Philippines, we are celebrating our 35th anniversary this year.
With the steady and hard work of our employees along with the expansion of our suppliers over the past 20 years, 4,000 people have found work through that business here, including at TAP and suppliers.
We have announced the assembly of the IMV 0, which was made possible by strength built through 20 years of transmission production. We hope that IMV 0 will be a game changer that changes how cars are used and create new opportunities as well as open the door to the future. I believe that this will in turn drive Toyota's transformation into a mobility company.
The President continually asked us what help they could offer. The private sector or the government alone cannot build the future. I am deeply honored that we both believed that we could share our thoughts to make each other smile for the future, including the livelihood, employment, and investment of the Filipino people.
|*||The family that founded Metrobank, the Philippines' second largest bank, and runs the Philippine conglomerate GT Capital Holdings.|
Outline of TMP
|Name of Company||Toyota Motor Philippines Corporation|
|Date of Incorporation||August 3, 1988|
|Current Chairman||Alfred V. Ty|
|Ownership||GT Capital Holdings, Inc.51%
Toyota Motor Corporation34%
Maximus Management Holdings Inc.9%
Mitsui & Co., Ltd.6%
|Location of Manufacturing Plant||Toyota Special Economic Zone (TSEZ)
Barangay Pulong Sta. Cruz, Santa Rosa City 4026
|Start of Production||Bicutan Plant1989 to 2004
Santa Rosa Plant1997 to present
|Production Capacity||54,000 units per year|
|CKD Product Line-up||Innova, Vios|
|2022 Production Volume||49,862|
|2022 Sales Volume||174,106|
|Workforce (as of end-Dec. 2022)||Total3,742
Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.
- SDGs Initiatives