is a Japanese machine maker. Originally, and still actively (), a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed. It is the world's largest manufacturer of forklift trucks measured by revenues.

History

1920s

The company was founded on 18 November 1926 as Toyoda Automatic Loom Works, Ltd. by Sakichi Toyoda, the inventor of a series of manual and machine-powered looms. The most significant 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 clear 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." 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 8.48% of Toyota Motor and is the largest shareholder (excluding trust revolving funds). As a countermeasure against hostile merger and acquisition attempts, Toyota Motor currently holds 24.92% of common stock of its origin Toyota Industries.

1940s

In 1940, the steel production department of Toyota Industries was spun off as Toyota Steel Works Ltd. (present Aichi Steel Corporation). In 1944, Toyota Industries's Obu plant, which produces castings, began operations. Five years later, the Toyota Industries stock was listed on the Tokyo, Osaka, and Nagoya Stock Exchanges. One year later the Kyowa plant began to assemble automobiles and produce engines. In 1956 Toyota unveiled the Model LA 1-ton lift truck, this was the company's first lift truck model. In 1957, Toyota Industries began producing D-type diesel engines. That same year, it launched the Model LAT .85-ton towing tractor. In the final year of the decade, Toyota Industries began producing the P-type gasoline engine. Combined with Toyota Industries' materials handling division, this created the largest forklift company in the world, Toyota Material Handling Corporation.

In October 2012, Toyota Industries acquired Cascade Corp., a maker of attachments for forklifts, for a price of $728 million.

In 2017, Toyota Industries acquired Bastian Solutions

In 2021, Toyota Industries formed T-Hive as TICO's solution for autonomous vehicle (AV) software solutions. The newly formed group focuses on warehouse, manufacturing, and airport logistics automation through AV's.

In 2022, Toyota Industries acquired viastore, a provider of intralogistics systems, intralogistics software and supporting services.

Looms

In 2024, Toyota Industries was manufacturing two state-of-the-art looms: the JAT910 (air-jet loom) and LWT810 (water-jet loom). Both looms operate without shuttles. The water jet loom throws the weft through the warp threads using water, and thus can only be used with synthetic fibers. The air jet loom uses air to throw the weft, and thus can be used with any fiber.

Stock exchange

The company's shares are traded on the Tokyo Stock Exchange under symbol 6201.T.

See also

  • ST Liquid Crystal Display
  • Toyota Industries SC, a football club
  • Toyota Industries Shuttles Aichi, a rugby union club
  • Toyota Industries Shining Vega, a Japanese women's softball team

References

  • Company website