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U.S. Suppliers Earn Top Toyota Awards

    COVINGTON, Ky., March 7 Among the twenty-one companies
qualifying for Toyota Motor Manufacturing North America, Inc.'s (TMMNA) top
supplier awards, AK Steel Corporation and U.S. Engine Valve Company again
earned Superior Awards, the company's highest level of recognition.  The
awards, presented tonight in Northern Kentucky at the automaker's Annual
Supplier Business Meeting and Awards Ceremony, acknowledge those suppliers who
have met Toyota's highest standards in quality, delivery and value improvement
for parts, materials, and transportation.

    AK Steel of Middletown, Oh., a sheet metal manufacturer, received two
Superior Awards bringing the company's total to eight Superior Awards and six
Excellent Awards since 1994.  Westminster, S.C. supplier, U.S. Engine Valve,
was honored with one Superior Award and one Excellent Award this evening.  The
company's new award count is eight Superior Awards and seven Excellent Awards
since 1992.

    In addition to AK Steel and U.S. Engine Valve, three other suppliers won
the Superior Award (see attached for complete list of Superior and Excellent
Award winners), including:  Nova Chemicals, Inc., Monaca, Pa. (delivery); NSK
Corporation, Franklin, Ind. (quality); and Ambrake Corporation, Elizabethtown,
Ky. (delivery).

    Toyota's Annual Business Meeting and Awards Ceremony brings together the
automaker's approximately 500 North American suppliers to share expectations
for the coming business year and to recognize outstanding performance among
suppliers.  With plans to reach annual capacity of 1.45 million cars and
trucks and 1.16 million engines by 2003, Toyota's increased manufacturing
investment in North America has a significant impact on the amount of goods
and services purchased in North America.  During the 1999 fiscal year, Toyota
purchased nearly $13 billion worth of parts and materials made in the U.S.
(including exported parts).

    The Annual Business Meeting featured a keynote address by Philip Evans,
senior vice president with The Boston Consulting Group and coauthor of the
best-selling "Blown to Bits: How the New Economics of Information Transforms
Strategy."  He explored information from his book and "how to win in the
second wave of the Internet revolution."

    By 2003, Toyota will employ some 33,000 people throughout North America.
Toyota's North American-produced vehicles include the Camry, Avalon, Sienna,
Solara, Sequoia, Corolla, Tundra, and Tacoma.  The new Matrix, unveiled at the
Detroit auto show, will join the North American-built lineup in 2002, and
beginning in the fall of 2003, the Lexus RX300 will also be produced here.

                       2000 Toyota Supplier Award Winners
                   Supplier       Plant Location  Part/Material      Award
                                                                    Category
    Superior
    Indiana     NSK Corporation     Franklin      Wheel bearings    Quality

    Kentucky       Ambrake        Elizabethtown   Brake drums,      Delivery
                 Corporation                        calipers,
                                                  parking brake

    Ohio      AK Steel Corporation  Middletown     Sheet steel      Quality &
                                                                    Delivery

    Pennsylvania Nova Chemicals,      Monaca      Thermoplastics -  Delivery
                     Inc.                       instrument panel
                                                    substrate
    South
    Carolina  U.S. Engine Valve    Westminster   Engine valves      Quality
                    Company

    Excellent
    Florida     Florida Production   Ormand       Wheel trim        Quality
                   Engineering       Beach

    Illinois    MBL (USA) Corp.      Ottawa          Belts          Quality

    Indiana      ArvinMeritor       Franklin     Stampings and      Quality
                                                exhaust manifolds

    Kentucky        Ambrake       Elizabethtown   Brake drums,      Quality
                  Corporation                       calipers,
                                                  parking brake

                AP Technoglass Co.  Florence         Glass           Value
                                                                  Improvement

                Sumitomo Electric  Bowling Green Wire harnesses      Value
               Wiring Systems, Inc.                               Improvement

                Trim Masters, Inc.  Bardstown      Door trim        Quality

    Louisiana       Huntsman
                  Polyurethanes      Geismar       Isocyanate       Quality

    Michigan    Shape Corporation  Grand Haven       Bumper          Value
                                                  reinforcement   Improvement

    Missouri     Bodine Aluminum,    St. Louis    Engine castings    Value
                       Inc.                                       Improvement

    New Jersey   Johnson Matthey   Westdeptford   Precious metals  Quality &
                                                   for catalytic   Delivery
                                                    converters
    North
    Carolina        NGK-Locke       Charlotte         Ceramic       Delivery
                                                     substrate

    Pennsylvania  Nova Chemicals,     Monaca      Thermoplastics -  Quality
                       Inc.                       instrument panel
                                                     substrate
    South
    Carolina      Dayco Products,    Williston         Belts        Quality
                       Inc.

                Denso International
                    America, Inc.     Anderson       Fuel pumps     Quality

                 U.S. Engine Valve   Westminster    Engine valves   Delivery

    Tennessee     Perfect Equipment Murfreesboro    Wheel weights   Delivery
                     Corporation

                    TRW Fuji Valve,  Sevierville    Engine valves   Quality
                         Inc.

    Texas         Carpenter Chemical   Bayport         Polyol       Delivery
                      Products

    West Virginia   Diamond Electric   Eleanor     Ignition Coils   Quality
                     Manufacturing
                         Corp.