Toyota Motors Philippines Corp. (TMP) accounted for 30 percent of auto parts exports in 2023, equivalent to $665 million.
TMP, at the opening of the Auto Reverse Trade Fair organized by the Board of Investments (BOI), reaffirmed its commitment to enhancing localization efforts by ramping up the production of auto parts for export.
“TMP recognizes that suppliers are a critical part of our production line,” the company said Tuesday, emphasizing the pivotal role of suppliers in Toyota’s production processes.
To strengthen the local automotive supply chain and maintain its competitive edge in global markets, TMP established the Toyota Supplier Club (TSC) which has grown to include 106 members today.
The TSC focuses on enhancing efficiency and productivity and beyond that, it also fosters corporate social responsibility and a spirit of cooperation within the Toyota network.
“Knowledge sharing within the supplier network has clearly translated into actual improvement of supplier capabilities,” the company said.
TMP actively supports its suppliers through technical engineering assistance while encouraging them to pursue joint ventures and technical agreements for acquiring advanced technologies.
TMP facilitated collaborations between local parts manufacturers and foreign technical partners, enabling the swift adoption of innovative processes.
