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Toyota Company: Company Background Of The Toyota Motor Company

Satisfactory Essays
2.0 COMPANY OVERVIEW
2.1 Company’s background

Toyota Motor Corporation was founded in year 1937, August 28 by Kichiro Toyoda. His decision to take Toyoda Loom Works into automobile manufacturing creates Toyota Motor Corporation, the world's largest automobile manufacturer .Toyota Motor Corporation Limited. (TMC) was first established as a separated company from Toyoda Automobile Loom work which is leading in manufacturing of weaving machinery. Sakichi Toyoda, who is known as the king of investors is the head of Toyota Automobile Loom work.

In 1950, the giant automaker faced its one and only strike. This event, however, gave Toyota an important philosophy, supplied to its labour and management system which assisted Toyota to achieved mutual growth and success in both domestic and overseas markets. Today, this philosophy is very significant to the structure of Toyota.

Production system of Toyota was improved in the late 1950s, establishing the 'Toyota Production System. This system became the key factor in the reduction of inventories and defect in the plants of Toyota and its suppliers. It also strengthened Toyota’s entire operations worldwide. In 1947, it launched its first small cars namely ‘Toyopet’. Toyota started its operation outside Japan in 1959 in Brazil and continued with developing network of foreign plants.

Toyota celebrated its 60th anniversary in August 1997. It believes that its domestic production can provide customers with the productions they need, giving it the stable and long-term development. It also has a development facilities and global network of design and research, consisting Japan, Europe, North America markets.

Toyota is at rank 8 in fortune worldwide 500 2007 companies of the world Toyota Mot...

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...g industry in Malaysia.

Automotive Industries Sendirian Berhad (AISB) is the Leading OEM maker for Exhaust System & Reinforcement Instrument Panel. AISB is committed to Research & Development (R&D) and a culture of excellence. Sankei Industry of Japan began a permanent R&D partnership with AISB’s in 1985. In addition, AISB has applied the Toyota Production System (TPS) initiatives to enhance the efficiency. AISB is also associating with 7 TA partners; mainly worldwide exhaust makers from Japan & USA for technical development of exhaust system.

Toyota Boshoku UMW Sdn. Bhd. (TBU), is a joint venture company with Toyota Boshoku Corporation, Japan. By using the Just-in-Time (JIT) method, TBU focuses on manufacturing and assembling high quality and interior parts, cost-effective car seats, door trims for all Toyota cars and Hino commercial vehicles assembled by ASSB.
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