Toyota Industries
Encyclopedia
Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki-gaisha Toyota Jidō Shokki) is a Japan
ese machine maker. Originally a manufacturer of automatic loom
s, it is the company from which Toyota Motor Corporation developed.
, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.
In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage
of Japan as "a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group."
In 1933, the company established its automobile department, led by Kiichiro Toyoda
, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation
. Toyota Industries is one of 13 core companies of the Toyota Group
. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 23.5% of common stock of its parent company Toyota Industries.
Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana
.
Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz
/Yaris
and the Toyota RAV4
. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis
, Corolla
, Crown
, Land Cruiser
.
In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries, alongside BT's subsidiaries, U.S.-based The Raymond Corporation and the Italian CESAB. Combined with Toyota Industries materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.
under symbol 6201.T.
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese machine maker. Originally a manufacturer of automatic loom
Loom
A loom is a device used to weave cloth. The basic purpose of any loom is to hold the warp threads under tension to facilitate the interweaving of the weft threads...
s, it is the company from which Toyota Motor Corporation developed.
History
The company was founded in 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi ToyodaSakichi Toyoda
was a Japanese inventor and industrialist. He was born in Kosai, Shizuoka. The son of a poor carpenter, Toyoda is referred to as the "King of Japanese Inventors".- Career :...
, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.
In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage
Mechanical Engineering Heritage (Japan)
The is a list of sites, landmarks, machines, and documents that made significant contributions to the development of mechanical engineering in Japan. Items in the list are certified by the .- Overview :...
of Japan as "a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group."
In 1933, the company established its automobile department, led by Kiichiro Toyoda
Kiichiro Toyoda
was a Japanese entrepreneur and the son of Toyoda Loom Works founder Sakichi Toyoda. His decision to take Toyoda Loom Works into automobile manufacturing would create what would eventually become Toyota Motor Corporation, the world's largest automobile manufacturer....
, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation
Toyota Motor Corporation
, , , commonly known simply as Toyota and abbreviated as TMC, is a multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota Motor Corporation employed 317,734 people worldwide, and was the world's largest automobile manufacturer by production.The company was founded by...
. Toyota Industries is one of 13 core companies of the Toyota Group
Toyota Group
The is a conglomerate company that work together and mostly share the Toyota brand. The primary companies in the group are Toyota Industries Corporation and Toyota Motor Corporation...
. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 23.5% of common stock of its parent company Toyota Industries.
Current business
Toyota Industries is active in 5 business areas: automotive, materials handling, electronics, logistics and textile machinery.Toyota-branded forklifts from Toyota Industries share the same logo as Toyota automobiles from Toyota Motor Corporation and are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) facility in Columbus, Indiana
Columbus, Indiana
Columbus is a city in and the county seat of Bartholomew County, Indiana, United States. The population was 44,061 at the 2010 census, and the current mayor is Fred Armstrong. Located approximately 40 miles south of Indianapolis, on the east fork of the White River, it is the state's 20th largest...
.
Toyota Industries Corporation is under contract from Toyota Motor Corporation for the production of the Toyota Vitz
Toyota Vitz
The Toyota Vitz is a line of three- and five-door hatchback subcompact cars produced since 1998 by the Japanese automobile manufacturer Toyota. Now in its third generation, the name "Toyota Vitz" has been used consistently in Japan, with most international markets receiving the same vehicle under...
/Yaris
Toyota Yaris
The Toyota Yaris is a subcompact car produced by Toyota since 1999. Between 1999 and 2005, some markets received the same vehicles under the Toyota Echo name...
and the Toyota RAV4
Toyota RAV4
The Toyota RAV4 is a compact crossover SUV from Toyota. It was the first compact crossover SUV, introduced in Japan and Europe in 1994 and beginning sales in North America in 1996...
. The company manufactures automotive engines for use in Toyota-brand automobiles such as Avensis
Toyota Avensis
The Toyota Avensis is a large family car built in Derbyshire, United Kingdom by Japanese carmaker Toyota since 1997. It is the direct successor to the Carina E and is available as a four-door saloon, five-door liftback and estate...
, Corolla
Toyota Corolla
The Toyota Corolla is a line of subcompact and compact cars manufactured by the Japanese automaker Toyota, which has become very popular throughout the world since the nameplate was first introduced in 1966. In 1997, the Corolla became the best selling nameplate in the world, with over 35 million...
, Crown
Toyota Crown
The Toyota Crown is a line of full-size luxury sedans by Toyota. The range was primarily available in Japan and some other Asian countries, originally designed to serve as a taxi...
, Land Cruiser
Toyota Land Cruiser
The is a series of four-wheel drive vehicles produced by the Japanese car maker Toyota Motor Corporation. It is not related to the Studebaker Land Cruiser car produced in the US from 1934-1954....
.
In 2000, Toyota Industries acquired the Swedish-based forklift truck corporation BT Industries, alongside BT's subsidiaries, U.S.-based The Raymond Corporation and the Italian CESAB. Combined with Toyota Industries materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.
Investor information
The company's shares are traded on the Tokyo Stock ExchangeTokyo Stock Exchange
The , called or TSE for short, is located in Tokyo, Japan and is the third largest stock exchange in the world by aggregate market capitalization of its listed companies...
under symbol 6201.T.
See also
- Toyota GroupToyota GroupThe is a conglomerate company that work together and mostly share the Toyota brand. The primary companies in the group are Toyota Industries Corporation and Toyota Motor Corporation...
- Toyota VitzToyota VitzThe Toyota Vitz is a line of three- and five-door hatchback subcompact cars produced since 1998 by the Japanese automobile manufacturer Toyota. Now in its third generation, the name "Toyota Vitz" has been used consistently in Japan, with most international markets receiving the same vehicle under...
/YarisToyota YarisThe Toyota Yaris is a subcompact car produced by Toyota since 1999. Between 1999 and 2005, some markets received the same vehicles under the Toyota Echo name... - Toyota RAV4Toyota RAV4The Toyota RAV4 is a compact crossover SUV from Toyota. It was the first compact crossover SUV, introduced in Japan and Europe in 1994 and beginning sales in North America in 1996...
- ST Liquid Crystal Display
- Toyota Industries S.C.Toyota Industries S.C.Toyota Industries Soccer Club is a Japanese football club based in Kariya, Aichi.The club was formed in 1946 under its parent company's then-official English name Toyota Automated Loom Works, and co-founded the original Japan Soccer League in 1965...
- Toyota Jido Shokki (rugby union club)