Toyota FAW (Tianjin) Dies Co. Increases Production Capacity and Begins Die Export to Europe

	


Tokyo, Japan, May. 22, 2006 - (JCN Newswire) - Toyota Motor Corporation
(TMC; TSE:7203) announced today that Toyota FAW (Tianjin) Dies CO., LTD.
(TFTD), its stamping die-production joint venture with China FAW Group
Corporation (FAW) in China, can now produce automotive stamping dies
(such as for automobile body panels) for six vehicle models a year, up
from three. In addition to production for the Chinese market, TMC also
said TFTD has started production for export, initiating the first ever
export of Toyota automotive stamping dies made outside Japan.

A ceremony to mark the production capacity increase and start of export
production was held today in Tianjin, China and was attended by Chairman
Li Yong of the Tianjin Economic-Technological Development Area (TEDA)
Administrative Commission and numerous other guests from the Tianjin
government. TFTD was represented by President Taminori Yanagisawa, FAW
by Vice President Qin Huanming and TMC by Executive Vice President Akio
Toyoda and Managing Officer Nobuyoshi Hisada.

TFTD was established in March 2004 as Toyota's first large stamping die
manufacturer in China and began production in December of the same year.
Since then, it has supplied dies to Tianjin FAW Toyota Motor Co., Ltd.
and Tianjin FAW Xiali Automobile Co., Ltd. From now on, TFTD will serve
as a global production base supplying dies also to Toyota Motor
Manufacturing (UK) Ltd. and Toyota Motor Manufacturing Turkey Inc. 


Outline of TFTD
Company name           Toyota FAW (Tianjin) Dies Co., Ltd. (TFTD) 
Location               228 Huang Hai Rd., Tianjin Economic-Technological
                       Development Area (TEDA), Tianjin, PRC 
Capitalization         US$12 million (approx. 1.3 billion yen) 
Equity participation   TMC: 90% (US$10.8 million - approx. 1.2 billion
yen)
                       FAW: 10% (US$1.2 million - approx. 1 million yen)

Establishment          March 4, 2004 (start of production: December 10,
2004) 
Executives             Chairman (non-resident): Akio Toyoda 
                       (executive vice president, TMC)
                       Vice chairman (non-resident): Tian Yushi 
                       (assistant president, FAW)
                       Director (non-resident): Akira Sasaki 
                       (managing officer, TMC)
                       Director (non-resident): Nobuyoshi Hisada 
                       (managing officer, TMC)
                       President and director: Taminori Yanagisawa 
No. of employees       Approx. 210 (as of the end of April 2006) 



About Toyota Motor Corporation

Toyota Motor Corporation develops and manufactures
vehicles, and is one of the largest car manufacturers in the world,
offering a wide range of products from minivehicles to trucks. In
addition to its core business, Toyota has a large business portfolio in
financial services, including sales finance, vehicle insurance, and
credit cards. It is also involved in telecommunications through a
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businesses include industrial equipment, prefabricated housing, and
leisure boats. The company is headquartered in Aichi, Japan. Fot more
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