Toyota Industries Corporation Named by Fortune Magazine as one of the World's Most Admired Companies for the Fourth Consecutive Year
FORTUNE magazine has named Toyota Industries Corporation (TICO) to its top 50 list of the “World’s Most Admired Companies” for the fourth consecutive year. TICO, which is comprised of four key business units – automobiles, materials handling equipment, textile machinery and logistics solutions – earned the No. 1 spot in the motor vehicle parts industry ranking. Toyota Industries is ranked as the 46th most admired company in the world overall.
Toyota is the leading supplier of lift trucks both in Canada and worldwide. The majority of lift trucks sold in Canada by Toyota Canada’s Industrial Equipment Division are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) in Columbus, Indiana.
“It is a tremendous achievement to be named as one of the most admired companies in the world,” said Rob Reinders, Director, Toyota Canada Industrial Equipment Division. “We can be proud of our entire team of associates and our dealer network across the country for their contributions toward making Toyota a trusted and successful brand.”
Toyota Motor Corporation (TMC) also was featured in the FORTUNE survey, ranking third on the “World’s Most Admired Companies” list, following Apple and Warren Buffet’s Berkshire Hathaway. The FORTUNE most admired category is based on a survey of more than 4,000 executives, directors and securities analysts. A total of 689 companies from 28 countries were surveyed.
TICO received the top industry ranking for motor vehicle parts based on their score for these nine criteria: people management, quality of management, financial soundness, long-term investment, quality of products/services, global competitiveness, innovation, social responsibility and use of corporate assets.
About Toyota Canada Industrial Equipment
Established in 1970, Toyota Canada Inc., headquartered in Toronto, Ontario, is ISO 14001 certified and is the only major lift truck supplier to have an office in Canada dedicated to supporting the Canadian market. Toyota Canada Industrial Equipment offers an extensive line of cushion tire and pneumatic tire internal combustion and electric forklifts with lifting capacities of up to 8,165 kg (18,000 lbs). Built on a reputation for excellence in quality, reliability and durability, Toyota is the best-selling brand of lift trucks in the world. For parts needs, a Canadian Parts Distribution Centre located in Scarborough, Ontario, houses an extensive inventory with a 96 per cent first time fill rate.
Toyota’s commitment to customer service extends nationwide. Thirty-two authorized Toyota Industrial Equipment Dealer facilities located throughout Canada offer comprehensive customer support including one-stop shopping for lift trucks, genuine Toyota parts and Toyota University accredited service technicians.
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