The Second Plant of TFTD Constructed to Provide Dies Products to Global TOYOTA Facilities

TIANJIN, China, May 22, 2006 /Xinhua-PRNewswire/ -- The construction of the second plant of TOYOTA FAW (TIANJIN) DIES CO., LTD (TFTD) was completed completed on May 22nd in TEDA, signalling the rise of dies production in Tianjin to world level.

TFTD is a joint venture established by TOYOTA and FAW to produce large automotive stamping dies. Supported by a total investment of USD50million, TFTD adopts the world most advanced technology to design and produce dies and creats a special model of dies production that is unique to TFTD, i.e., the production technology of ''cloning''. This has largely shortened the revising time at the later stage of dies production, which enables the realization of the revolution: production of dies digitally in batches.

With its second plant constructed, TFTD is planning to export dies abroad while targeting at global TOYOTA plants. By the end of May 2006, TFTD will be able to double its capacity. This means it can meet the needs of producing 6 kinds of automotive dies annually rather than the original 3 kinds of automotive dies. TFTD will, in compliance with TOYOTA's design, technology and quality requirement, produce the stamping dies for all kinds of automobiles.

The construction of TFTD's second plant not only plays a key role for low cost production and short lead time, but it also produces far reaching influence on the automotive production and development of the automotive dies. TFTD will try to initiate an economy operation model in Tianjin that is characterized by environment protection and cyclic use of resources, i.e., in the process from materials of dies, to foundry, dies processing and stamping, TFTD will fulfill complete and closed recycling of materials and resources, thus realizing the pollution-free "Zero Emission".

About Tianjin Economic-Technological Development Area (TEDA)

Tianjin Economic-Technological Development Area (TEDA) was established in 1984 with the approval of the State Council of the People's Republic of China. It is one of the first state-class economic-technological development areas in the country.

TEDA is located in the center of a larger area bordering Bohai Sea and the east of the Asia-Europe Land Bridge, thus serving as the gate to the two super cities of Beijing and Tianjin, and the throat connecting the northeast of China. By the end of 2005, 4,067 foreign companies have landed in TEDA. Of the Fortune 500 companies, 57 multinational companies, from 10 countries and regions, including such well-established multinational giants as Motorola, Samsung and Toyota, invested in 123 enterprises in TEDA. In 2000, "Fortune" listed TEDA as one of the most highly recommended economic areas in China. In 2002 UNIDO listed TEDA as one of the most dynamic areas of China together with Shenzhen, Suzhou, Wenzhou, Shanghai Pudong and Xi'an High-tech Park.

For more information, please visit: http://www.investteda.org/ .