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News Releases / 2013

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[Translation]
November 7, 2013
Toyota Industries to Construct New Factory for Automotive Air-Conditioning
Compressors in China

Toyota Industries Corporation (TICO; President: Akira Onishi) is to construct a new factory to produce automotive air-conditioning compressors in the Kunshan Economic & Technological Development Zone, Jiangsu Province, People's Republic of China. The move is designed to increase supply capabilities in response to the growing Chinese automobile market.

The factory will be constructed as a new facility for the compressor manufacturing subsidiary TD Automotive Compressor Kunshan Co., Ltd. (TACK) and is scheduled to begin operation in October 2014.

The construction of the new factory is planned to bring capital investment of 357 million yuan (approximately 4.65 billion yen) and 300 new jobs.

TACK currently has an annual production capacity of 500,000 units at its present factory, from which it supplies compressors to the Chinese market. As technical capabilities for TICO's compressors is highly appreciated by customers, the demand for TACK's products is growing. For that reason, TACK will boost its annual production capacity to 1.5 million units. The present factory's production facilities and equipments will be moved in stages to the new factory.

TICO will work to enhance its global supply capabilities covering Japan, North America, Europe, Asia, and South America so as to respond swiftly and accurately to worldwide customer needs with the aim of further growing its compressor business.

Profile of New TACK Factory
  1. Location: Kunshan Economic & Technological Development Zone, Jiangsu Province, People's Republic of China (5 km east of present factory)
  2. Start of operations: October 2014
  3. Investment: 357 million yuan
  4. Size of facility: Site area: 50,000 m2; Factory area: 20,000 m2
  5. Production capacity: 1.5 million units a year

Profile of TACK
  1. Company name: TD Automotive Compressor Kunshan Co., Ltd.
  2. Location: Kunshan Economic & Technological Development Zone, Jiangsu Province, People's Republic of China
  3. Established: May 2005
  4. Start of operations: April 2006
  5. Capital: 22.2 million dollars
  6. Ownership:
TICO:   78%
Denso (China) Investment Co., Ltd.:   20%
Toyota Tsusho Corporation:   1%
Toyota Industry (Kunshan) Co., Ltd.:   1%
  7. Business activities: Manufacture of automotive air-conditioning compressors
  8. Employees: 107 (as of March 31, 2013)
  9. Production capacity: 500,000 units a year

* Exchange rate used is 13 yen per 1 yuan

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