Toyota Industries

Toyota Industries

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Toyota Industries

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Description:
Toyota Industries Corporation (株式会社豊田自動織機, Kabushiki-gaisha Toyota Jidō Shokki) is a Japanese machine maker. Originally a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed.

History

The company was founded in 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most impressive of these was the 1924 Toyoda Automatic Loom, Type G, a completely automatic high-speed loom featuring the ability to change shuttles without stopping and dozens of other innovations. At the time it was the world's most advanced loom, delivering a dramatic improvement in quality and a twenty-fold increase in productivity.In 2007, this machine was registered as item No. 16 in the Mechanical Engineering Heritage of Japan as "a landmark achievement that advanced the global textile industry and laid the foundation for the development of the Toyota Group."

In 1933, the company established its automobile department, led by Kiichiro Toyoda, the eldest son of Sakichi Toyoda. This department was spun off as Toyota Motor Co., Ltd. in 1937 and is now known as Toyota Motor Corporation. Toyota Industries is one of 13 core companies of the Toyota Group. The company owns 5.55% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and...
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