Amber Morrison@cheaperseek.com

Boshuku Toyota Japan, Toyota's main supplier of interior systems for cars, is spending 1.2 billion baht to buy a local car seat manufacturer, the Thai Automotive seating and interiors Co (Tasi). Previously, Toyota has a 50 percent Boshuku Tasi. NHK Spring in Thailand, with 35 percent and NHK Spring in Japan are the other stakeholders. The agreement was made by Toyota Boshuku Asia Co., Toyota Boshuku Thai operation. Toyota Boshuku Asia managing director Akihiko Shimanouchi said Boshuku Toyota Toyota Boshuku Japan and Asia each have 50 percent in Tasi after the acquisition.

Capital Toyota Boshuku Asia could be increased to 210 million baht this month with 30 million would finance the investment. Cash flow from operations and loans would also be the sources of 500 million baht funds.Mr. Shimanouchi said Toyota Boshuku Asia mainly involved in research and development for automotive interior systems. As a result, a turnover of 13.41 billion baht last year and is the second largest group of staff turnover in Asia. Ninety-two hundred two (292) billion baht was Boshuku Toyota Japan recorded total revenues in 2006 of its operations worldwide.

From these figures, 13.5 percent or 40 billion baht was earned from operations in Asia. With a registered capital of 250 million baht, Tasi a turnover of 3.5 billion baht last year, mainly originating from the sales of the Toyota passenger cars.Every for the year, Toyota Motor Thailand produces about 140,000 cars. Mr Shimanouchi further that the acquisition would mark Toyota Boshuku Asia as production of the basic group in Southeast Asia. Toyota, with a total management control, could share the facilities and the transfer of technology from the parent.

It can also coordinate marketing initiatives.He added to imagine a great opportunity to grow in line with the automotive industry in Thailand. Moreover he said that all the major car manufacturers including Toyota have invested in the production of large scale projects in the country, recently a major expansion. They also offer the opportunity to take one step higher to take orders from other car manufacturers display Toyota.TBAS plans to invest more in research and development and production. There are also plans to Tasi as a basis for further export of their products outside the country.

About ToyotaIn 2006, Toyota, maker of quality Toyota cold air is involved in several projects aimed at consolidating its foundations, while continuing to grow. Lexus is the product front, launched its new flagship model – the LS – and the new Camry, sales worldwide. In Japan a new Corolla range was introduced, with emphasis on the importance of this best-selling car. As regards production, several new projects were launched around the world. In May, the production of the Camry began in Guangzhou, China.

Moreover, the United States (Kentucky plant), which in October celebrated 20 years of production, began production of Toyota's first hybrid vehicle built in North America – the Camry Hybrid. Moreover, the plant in Texas in November began producing the new Tundra truck, an important car for Toyota lineup in North America. In Japan, Toyota Motor Kyushu, Inc. began operations on the scale in the engine factory, while Toyota Motor Tohoku Co., Ltd. increased its production capacity.