Establishment of Automotive Interior Manufacturing Company in Ontario, Canada

TORONTO, July 10 -- Toyota Boshoku Corporation (Headquarters: Kariya-city, Aichi, Japan President: Shuhei Toyoda) announced the establishment of a new automotive interior manufacturing company, Toyota Boshoku Canada, located in Woodstock, Ontario Canada. This new company will be the first Toyota Boshoku wholly owned seat manufacturing facility in North America.

This represents a $65M CAD investment for Toyota Boshoku's North America company, Toyota Boshoku America (hereinafter referred to as TBA). The new company will produce the RAV4 seat, door trim and carpet interior parts for Toyota Motor Manufacturing Canada's (TMMC) Woodstock plant, which will begin operations in 2008.

Currently, Toyota Boshoku Corporation has fifteen production facilities in North America (including wholly owned and JV's). TBA is taking the lead to strengthen their organization structures and develop best practices for an efficient business management system. The establishment of this new Canada based company along with current North America production sites is important for Toyota Boshoku's North America business development.

  (The outline of a new company)

  1.  Company name                  Toyota Boshoku Canada,Inc.(TBCA)
  2.  Date established              July 2006
  3.  Location                      Woodstock, Ontario CANADA
  4.  Investment                    $65M Canadian dollars
  5.  Ownership                     Toyota Boshoku America, Inc. 100%
  6.  Products                      Vehicle Seat, Door trim, Carpet
  7.  Start of operation            2008 (Plan)
  8.  Annual volume                 150,000 vehicle units/year
  9.  Number of associates          Approximately 330
  10. Lot size                      Approximately 145,000 m2
  11. Building size                 Approximately 25,000 m2

  (The outline of equity participant)

  1.  Company name                  TOYOTA BOSHOKU CORPORATION
  2.  Location                      1-1, Toyoda-cho, Kariya, Aichi, Japan
  3.  Capital                       8.4 billion yen
  4.  President                     Shuhei Toyoda
  5.  Business operations           - Development of automotive interior
                                    systems; manufacture and sales of
                                    automotive interior products.
                                    - Manufacture and sales of automotive
                                    filters and power train components.
                                    - Manufacture and sales of other
                                    automotive components.
                                    - Production and sales of fabric goods.
  6.  Consolidated sales            877.596 billion yen (Fiscal year ended
                                    March 2006)
  7.  Date established              May,1950
  8.  Number of associates          Approximately 6600 (Fiscal year ended
                                    March 2006)
  9.  Fiscal year                   Ends March 31