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JV to oversee Toyota SUV assembly in Egypt - Daily News Egypt

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JV to oversee Toyota SUV assembly in Egypt

Toyota’s "Fortuner" SUVs will be assembled in Egypt, with a planned annual output of approximately 3,000 vehicles, beginning early 2012, according to a statement. Toyota Motor Corporation (TMC), Toyota Tsusho Corporation (Toyota Tsusho) and Toyota Egypt S.A.E. (Toyota Egypt) — TMC’s independent vehicle distributor in Egypt — will establish a company to oversee the assembly …


Toyota’s "Fortuner" SUVs will be assembled in Egypt, with a planned annual output of approximately 3,000 vehicles, beginning early 2012, according to a statement.

Toyota Motor Corporation (TMC), Toyota Tsusho Corporation (Toyota Tsusho) and Toyota Egypt S.A.E. (Toyota Egypt) — TMC’s independent vehicle distributor in Egypt — will establish a company to oversee the assembly of Toyota-brand vehicles locally, using parts mostly made in Thailand, a statement on MarketWatch read.

TMC, Toyota Tsusho and Toyota Egypt plan to conclude a joint-venture agreement by mid-November, and the company will be formally established in mid-December.

The company will also perform quality control, supply and demand management, and logistics management.

TMC started exporting to and selling vehicles in Egypt in 1979 though Toyota Egypt; it sold approximately 15,000 vehicles in 2009.

 

 

Topics: nasr city

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https://wwww.dailynewssegypt.com/2010/10/27/jv-to-oversee-toyota-suv-assembly-in-egypt/
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