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Four U.S. Suppliers Win Toyota's Top Awards

COVINGTON, Ky., March 21 -- At Toyota's Annual Supplier Business Meeting and Awards Ceremony, four of Toyota's U.S. suppliers were awarded Superior Awards, the company's highest level of recognition: AK Steel Corporation, Nova Chemicals, Inc., U.S. Engine Valve, and TG Missouri Corporation (see chart for a complete list of Superior and Excellent Award winners). The awards, presented tonight in Northern Kentucky, acknowledge those suppliers who have met Toyota's highest standards in quality, delivery, and value improvement for parts, materials, and transportation.

Additionally, special recognition awards were given for vehicle launch performance. This award recognizes those suppliers whose exemplary work over the past several years greatly contributed to a smooth launch of the new model Camry. TG Missouri Corporation, an air bag and interior plastics supplier, located in Perryville, Mo., was awarded the Superior Award in this category. The Excellent Awards in this category went to Denso International America, Inc. (Denso Manufacturing Michigan, Inc.), a HVAC supplier in Battle Creek, Mich. and Summit Polymers, Inc., a trunk release handle supplier in Mt. Sterling, Ky.

``The quality and reliability of Toyota's vehicles depend in large part on the success of our North American suppliers,'' said Tsugio Kadowaki, vice president of Purchasing for Toyota Motor Manufacturing North America, located in Erlanger, Ky.

``These suppliers achieve and often exceed our strict performance standards. This is an opportunity for Toyota to formally recognize their valuable contribution to our success.''

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. Toyota's localization efforts led the automaker to purchase nearly $15 billion worth of parts and materials made in the U.S. (including exported parts) during the 2000 fiscal year, up 15% from 1999.

The Annual Business Meeting featured a keynote address by Doug Hall, founder and CEO of the world famous Eureka! Ranch in Cincinnati, Ohio, a corporate innovation and research facility. Hall shared the wealth of knowledge he has discovered in working with some of the world's leading corporations.

By 2003, Toyota will employ some 33,000 people throughout North America. Toyota's North American-produced vehicles include the Camry, Avalon, Matrix, Sienna, Solara, Sequoia, Corolla, Tundra, and Tacoma. Beginning in the fall of 2003, the Lexus RX300 will also be produced here. The automaker currently has manufacturing operations in California, Indiana, Kentucky, Missouri, West Virginia, Ontario and British Columbia. Future plants have been announced in Alabama and Baja California, Mexico.

                      2001 Toyota Supplier Award Winners
                                March 21, 2002

                               SUPERIOR AWARDS

                Supplier      Plant           Part/               Award
                              Location        Material            Category

     Missouri  TG Missouri    Perryville      Airbags, Interior   Camry Model
               Corporation                    plastics            Launch Award

     Ohio      AK Steel       Middletown      Sheet steel         Quality &
               Corporation    (headquarters);                     Delivery
                              Rockport, Ind.;
                              Ashland, Ky.

     Pennsyl-  Nova Chemicals Monaca          Thermoplastics -    Delivery
      vania    Inc.                           instrument panel
                                              substrate

     South     U.S. Engine    Westminster     Engine Valves       Quality
     Carolina  Valve


                      2001 Toyota Supplier Award Winners
                                March 21, 2002

                               EXCELLENT AWARDS

                Supplier            Plant          Part/             Award
                                    Location       Material          Category

    Alabama     NCI Manufacturing,  Scottsboro     Seals,            Quality &
                Inc.                               Gaskets           Delivery

    Illinois    MBL (USA) Corp.     Ottawa         Belts             Quality

    Kentucky    Ambrake             Elizabethtown  Brake             Quality
                Corporation                        components

                Summit Polymers     Mt. Sterling   Release           Camry
                                                   handle            Model
                                                                     Launch
                                                                     Award

                Trim Masters, Inc.  **Harrodsburg  Door trim,        Value
                                    (headquarters) seat              Improve-
                                                   assembly          ment

                Sumitomo Electric   **Bowling      Wire              Value
                Wiring Systems,     Green          harnesses         Improve-
                Inc.                (headquarters)                   ment

    Louisiana   Huntsman            Geismar        Isocyanate        Quality
                Polyurethanes                      for
                                                   instrument
                                                   panel foam

    Michigan    Denso International Battle Creek   HVAC              Camry
                America, Inc.                                        Model
                                                                     Launch
                                                                     Award

                Yazaki North        **Canton        Wire             Value
                America            (headquarters)   harnesses        Improve-
                                                                     ment
    New Jersey  Johnson Matthey     West Deptford   Precious         Quality &
                                                    metals for       Delivery
                                                    catalytic
                                                    converters

    New York    Delphi Harrison     Lockport        Radiators        Quality
                Thermal Systems

    North       NGK-Locke           Morrisville     Ceramic          Quality &
    Carolina                                        substrate        Delivery
                                                    for
                                                    catalytic
                                                    converters

    Ohio        Luk Incorporated    Wooster         Clutch           Delivery
                                                    assemblies

                PPG Industries,     Cleveland       Paint            Delivery
                Inc.

    Ontario,    Delphi Energy &     Oshawa          Batteries        Quality &
    Canada      Chassis Systems                                      Delivery

                Burlington          Burlington      Die Casting      Delivery
                Technologies,
                Inc.

                PPG Industries,     Clarkson        Paint            Delivery
                Inc.

    Pennsyl-    Nova Chemicals,     Monaca          Thermo           Quality
     vania      Inc.                                plastics -
                                                    instrument
                                                    panel
                                                    substrate

    South       U.S. Engine Valve   Westminster     Engine Valves    Delivery
    Carolina
                Denso International Anderson        Fuel Pumps       Quality
                America, Inc.

    Tennessee   Denso International Maryville       ECU, Airbag      Delivery
                America, Inc.                       sensors, etc.
                                    Athens          Oxygen sensors   Quality

                Perfect Equipment   Murfreesboro    Wheel balance    Delivery
                Company, LLC                        weights

                Robert Bosch        Johnson City    Hubs             Delivery
                Corporation

                TRW Fuji Valve,     Sevierville    Engine valves     Quality
                Inc.

    Texas       Carpenter Chemical  Bayport        Polyol for        Delivery
                Products                           instrument
                                                   panel foam

    Vermont     Nastech            **Bennington    Steering          Value
                                   (headquarters)  columns,          Improve-
                                                   Intermediate      ment
                                                   shafts

    West        Diamond Electric    Eleanor        Ignition coils    Quality
    Virginia    Manufacturing
                Corp.

  • Value Improvement Awards are given to the company as a whole, not plant specific
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