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Tuesday, October 09, 2007

Toyota to Build Logistic Management Company in China

World famous Motor Company, Toyota has started a logistic management company in China along with two Chinese partners. In order to increase the production in China, Toyota has made this move under the contract with China's First Automotive Works Group and Guangzhou Automobile Industry Group. China has already invested US$5 million in order to build Tong Fang Global Logistics Co Ltd (TFGL) in Tianjin.

Toyota has got huge success in Chinese market. So, Toyota officials are now trying to make the best use of Chinese market. Cheap labor is one of the advantages of China. So, Toyota seems to increase its production in China.

Source:

China Knowledge

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