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Toyota Announces Top Supplier Awards for 2004

AK Steel, NOVA Chemicals and U.S. Engine Valve Recognized for Excellence in Both Quality and Delivery

ERLANGER, Ky., March 23 -- Toyota Motor Manufacturing North America, Inc. (TMMNA) today announced awards for its top North American suppliers in 2004. Among the awards given out at the ceremony, AK Steel Corporation of Middletown, Ohio, NOVA Chemicals of Pittsburgh, Pa. and U.S. Engine Valve Company of Westminster, S.C. were each recognized with Superior Awards in the areas of both Quality and Delivery.

(see chart below for a complete list of Superior and Excellent Award Winners)

The awards acknowledge those suppliers who have met Toyota's highest standards in quality, delivery and value improvement for parts and materials. Additionally, special recognition awards were given to those suppliers whose exemplary work over the past several years greatly contributed to the launch of the all-new 2005 Toyota Tacoma.

Toyota also presented Superior and Excellent awards in the area of Supplier Diversity. These awards, which were introduced last year, recognize those suppliers who put forth outstanding efforts on minority business development initiatives and are helping Toyota to meet their minority procurement targets. Several years ago, TMMNA announced a target of 7.5% annual minority Tier I purchases by the end of this year. When TMMNA's Tier 2 requirements of its suppliers are added to this goal, minority business spending will exceed $1 billion.

"As Toyota continues to grow in North America, our suppliers are challenged to meet Toyota's high standards on an even greater scale," said Osamu "Simon" Nagata, vice president of purchasing for TMMNA, located in Erlanger, Kentucky. "Toyota's success here is directly linked to the success of our suppliers."

The awards were given at Toyota's Annual Business Meeting and Awards Ceremony, which 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.

Toyota currently has five vehicle manufacturing plants and six engine/component plants in North America. In addition, two new plants are under construction -- in San Antonio, Texas and Jackson, Tennessee -- and several of Toyota's North American engine and component plants are expanding.

By 2006, Toyota will have the capacity to build 1.66 million cars and trucks a year and 1.44 million engines in North America. Toyota currently employs over 37,000 people throughout North America. The company's direct investment is over $16.7 billion with annual parts, materials, goods and services purchased from North American suppliers totaling over $25 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra, and the Lexus RX 330.

                             SUPERIOR AWARDS

    Supplier      Plant Location   State     Part/Material   Award Category
  AK Steel          Middletown     Ohio         Steel           Quality &
   Corporation                                                   Delivery

  Ambrake           Elizabethtown  Kentucky     Brakes          Quality
   Corporation

  AW North          Durham         North        Transmissions   Tacoma
   Carolina, Inc.                   Carolina                      Launch

  Delphi Thermal    Lockport       New York     Radiators       Quality
   & Interior

  Denso             Athens         Tennessee    Oxygen sensors, Quality
   International                                 spark plugs,
   America, Inc.                                 ignition coils
   C/P Division

  Johnson           Novi           Michigan     Seats,          Supplier
   Controls,                                     headliners,     Diversity**
   Inc.                                          interior
                                                 electronics,
                                                 overhead
                                                 consoles,
                                                 sun visor

  Johnson Matthey   West Deptford  New Jersey   Precious metals Quality
                                                 for catalytic
                                                 converters

  NOVA Chemicals,   Pittsburgh     Pennsylvania Instrument      Quality &
   Inc.                                          panel resin     Delivery

  U.S. Engine       Westminster    South        Engine valves   Quality &
   Valve Company                    Carolina                     Delivery

                             EXCELLENT AWARDS

  Supplier       Plant Location      State     Part/Material  Award Category
  Advanced          Nashville      Tennessee    Polypropylene   Delivery
   Composites                                    Compounds

  AISIN World       Stockton       California   Valves and      Quality
   Corp. of America                              ABS stick
  AISIN Electronics                              sensors
   Inc.

  AISIN World Corp. London         Kentucky     Pumps, pistons, Quality
   of America                                    aluminum        & Delivery
  AISIN Automotive                               castings
   Castings, LLC

  Amtex, Inc.       Manteca        California   Carpet, Dash    Quality
                                                 & hood
                                                 insulator,
                                                 Acoustical trim

  Bando USA, Inc.   Bowling Green  Kentucky     Accessory drive Value
                                                 belts         Improvement**

  BASF Corp.        Wyandotte      Michigan     Joyce Bumpers   Quality
   CELLASTO
   Wyandotte

  Continental       Auburn Hills   Michigan     Brake &         Supplier
   Teves NA                                      chassis         Diversity**
                                                 components

  Delphi            Troy           Michigan     All commodities Supplier
   Corporation                                   supplied by     Diversity**
                                                 Delphi

  Delphi Packard    Juarez         Mexico       Wire harnesses  Tacoma
   Electric                                                      Launch

  Delphi Thermal    Lockport       New York     A/C Systems,    Value
   & Interior                                    Radiators     Improvement**

  Denso             Southfield     Michigan     All commodities Value
   International                                 supplied by   Improvement**
   America, Inc.                                 Denso          & Supplier
                                                                Diversity**

  Denso             Battle Creek   Michigan     Washer tank     Delivery
   International                                 & nozzles
   America, Inc.
   Asmo
   Manufacturing

  Denso             Athens         Tennessee    Fuel Injectors  Quality &
   International                                                 Delivery
   America, Inc.
   Fuel Injector
   Division

  Denso             Athens         Tennessee    Oxygen sensors, Delivery
   International                                 spark plugs,
   America, Inc.                                 ignition coils
   Ceramics
   Division

  Denso             Hillsboro      Ohio         Cam and crank   Quality
   International                                 sensor assembly
   America, Inc.
   Weastec, Inc.

  Denso
  International     Maryville      Tennessee    Starters and    Delivery
  America, Inc.                                  alternators
   Starter and
    Alternator
    Division

  Diamond Electric  Eleanor        West         Ignition        Delivery
   Manufacturing                    Virginia     coils
   Corp.

  DTR Industries,   North          Ohio         Anti-vibration  Quality &
   Inc.              Baltimore                   components      Delivery

  Eagle Ottawa,     Rochester      Michigan     Leather         Value
   LLC               Hills                                     Improvement**

  Federal Mogul     Athens         Alabama      Gaskets         Quality
   Sealing
   Systems

  Fuel Total        Lathrop        California   Plastic fuel    Tacoma
   Systems                                       tanks           Launch
   California
   Corporation

  Gentex            Zeeland        Michigan     Rearview        Quality
   Corporation                                   mirrors

  Johnson           Livermore      California   Seats           Quality &
   Controls, Inc.                                                Delivery

  Johnson           Georgetown     Kentucky     Seats           Delivery
   Controls, Inc.

  Johnson Matthey   West Deptford  New Jersey   Precious        Delivery
                                                 metals for
                                                 catalytic
                                                 converters

  Johnson           North          Ohio         Molded rubber   Quality
   Rubber Company    Baltimore                   products

  Lear Corporation  Southfield     Michigan     Interior trim   Supplier
                                                                 Diversity**

  Lear Corporation  Edinburgh      Indiana      Interior trim   Quality

  Lear Corporation  Iowa City      Iowa         Interior trim   Quality

  Nartech Metal     Guelp          Ontario      Metal           Quality
   Products                                      stampings
   (NARMCO)                                      & assemblies

  North American    Farmington     Michigan     Lighting        Value
   Lighting, Inc.    Hills                                     Improvement**

  Plastikon         Hayward        California   Injection       Tacoma
                                                 molded          Launch
                                                 parts
                                                 (interior &
                                                 exterior)

  PPG Industries,   Evansville     Indiana      Glass           Quality
   Inc.

  Sumitomo          Lexington      Kentucky     Wiring          Value
   Electric                                      harness       Improvement**
   Systems, Inc.

  Takata Seat       Auburn Hills   Michigan     Seatbelt        Supplier
   Belts, Inc.                                    products       Diversity**

  Trim Masters,     Bardstown      Kentucky     Door panels     Delivery
   Inc.

  Trim Masters,     Modesto        California   Door panels     Delivery
   Inc.

  Trim Masters,     Nicholasville  Kentucky     Door panels     Delivery
   Inc.

  TRW Automotive    Farmington     Michigan     Airbag          Value
   Electronics       Hills                       sensors,      Improvement**
                                                 wireless
                                                 door lock
                                                 controls

  Yazaki North      Cambridge      Ohio         Combination     Tacoma
   America                                       meters          Launch

  ** Award given to the company as a whole, not plant specific.