Toyota Motor Corporation, Toyota Tsusho Corporation and Toyota Egypt, TMC’s independent vehicle distributor in Egypt, are to establish a company to oversee the assembly of Toyota-brand vehicles in the country.
The company will outsource to local assemblers assembly of Fortuner SUVs, using parts mostly made in Thailand, with a planned annual output of approximately 3,000 vehicles, to start in early 2012. The company will also perform quality control, supply and demand management, and logistics management.
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TMC, Toyota Tsusho and Toyota Egypt plan to conclude a joint-venture agreement by mid-November, and the company will be formally established in mid-December.
TMC started exporting to and selling vehicles in Egypt in 1979 though Toyota Egypt; it sold approximately 15,000 vehicles there in 2009.
