Toyota Industries Corp Honored by FORTUNE Magazine
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IRVINE, Calif., (July 19, 2006) - FORTUNE magazine has named Toyota Industries Corporation (TICO) to its top 50 list of the World's Most Admired Companies.
This is the first time that TICO has appeared on the Global top 50 All-Star list, ranking as the 36th most admired company, tied with Lowe's. TICO achieved an additional honor, earning the number one spot in the motor vehicle parts industry ranking, moving up from last year's number two position.
TOYOTA is the leading supplier of lift trucks in the United States and worldwide. The majority of lift trucks sold in the United States by TICO's subsidiary Toyota Material Handling, U.S.A., Inc. (TMHU) are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) Columbus, Ind. plant.
"TOYOTA is delighted to be recognized by FORTUNE and the business community as a world leader and for its excellence in surveyed areas including product innovation, quality and service," said Shankar Basu, president and CEO of TMHU. "We remain committed to serving the North American market and share this honor with our associates and dealers who continually propel this company forward."
Toyota Motor Corporation (TMC) also was featured in the FORTUNE survey, rated number two on the World's Most Admired Companies list.
FORTUNE created a list of 351 companies in 30 industries with revenues greater than $8 billion. Hay Group sent surveys to 8,645 executives and directors at those companies, as well as to analysts. Respondents were asked to rate companies in their industry on a scale of 0 to 10, on nine different attributes including: innovation, use of corporate assets, globalness, quality of management, employee talent, financial soundness, long-term investment, social responsibility and quality of products/services. The average of those scores was used for country and industry rankings. Respondents were also asked to rank their top ten companies across all industries. The All-Star list is based on that result.
About Toyota Material Handling, U.S.A., Inc.
Toyota Material Handling, U.S.A., Inc., (TMHU), the number one selling lift truck supplier in the U.S. since 2002, is headquartered in Irvine, Calif., and offers a full line of high-quality lift trucks sold under the Toyota brand. Built on a reputation for excellence, Toyota is known for its quality, reliability and durability. Quality is the hallmark of Toyota's world-renowned Toyota Production System practiced at all Toyota manufacturing facilities, including Toyota Industrial Equipment Manufacturing (TIEM) in Columbus, Ind. Most of the Toyota lift trucks sold in the United States are manufactured at TIEM.
Toyota's commitment to excellence in customer service extends nationwide. Sixty-nine authorized Toyota Industrial Equipment dealers, with a total of 186 dealership locations throughout the United States, offer comprehensive customer service support, including one-stop shopping for both new and Certified Used lift trucks, parts, service and financing. For more information on TMHU, please visit www.toyotaforklift.com or call
1-800-226-0009.
