JAPAN: Toyota Motor Corp. in R180m exhaust venture.
Toyota Motor Corporation of Japan (TMC), Toyota SA and Calater Corporation of Japan have embarked on a R180m joint venture to produce 1 million exhaust catalysts per year, reports `Business Day` (12/7/00). The new manufacturing company, to produce the exhausts in the second half of next year, is to become the fourth source of catalytic converters for Toyota.
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