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.October
27, 2004
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Hino and HMM are affiliated companies of the Toyota Motor Corporation. Hino produces a range of commercial vehicles and supplies trucks and buses to many countries throughout the world. Hino has proudly maintained its position as the number one selling medium/heavy duty truck in Japan for the past 31 years. "We are proud of the partnership between HMM and TABC represented in this project," said Kimio Watanabe, HMM President. "Through the cooperation of our team members, Hino will continue to manufacture high quality, reliable commercial trucks." Today's ceremony marks the beginning of Hino's North American truck production as well as Hino's commitment to help grow the California economy. HMM's Ontario, CA facility represents a $30M investment. More than 75 Hino and TABC team members already work for the new Hino Class 4-7 Trucks which have been specially designed for the North American market. In 2004, production is expected to be approximately 2,000 units. By 2006, Hino and TABC estimate production at 10,000 trucks per year. "As our sales volume increases in North America, so does our commitment to localization here," said Tadaaki Jagawa, Chairman of Hino Motors, Ltd. "Commercial truck production is another step in Hino's growth in this region. We are very happy with the work of the TABC team and look forward to a long future together. We also hope that our business will contribute to the economic growth of Long Beach, Ontario and surrounding communities." In 2003, Hino produced and sold 87,000 trucks/buses worldwide with a gross revenue of $10 billion. (October 19, 2004)
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