Toyota Industrial Equipment (TIE) is the material handling division of Toyota Industries Corp. (TICO). Toyota Industries Corp. is under the larger corporate Group of companies that consist of 13 business units. Toyota Industries Corporation also endorses Toyota's logistics, automotive and textile machinery businesses. The Material handling brand known as Raymond and BT are also under the umbrella of Toyota. Toyota Industrial Equipment is one of the world's suppliers of lift trucks that operate in more than 180 countries in the world. With a huge global network of 90 disturbers and 675 sale outlets, they’re product line involves internal combustion engine lift trucks with cushion tires and pneumatic tires, electric motor pallet stackers, electric motor rider lift trucks, and walkie stackers, reach trucks, hand pallet trucks and order selectors. Toyota's primary plants are strategically positioned with the U.S., China, Japan and France to meet the needs of international material handling markets.
History - the Global enterprise known as Toyota today started with small beginnings as a local weaving and spinning company, In 1918 the founder of Toyota, Sakichi Toyoda formed the Toyoda spanning and weaving Co. With his automatic technology Sakichi changed Japan's textile industry. In 1937 Sakichi's son, Kiichiro Toyoda expanded the family business by investing into the automotive sector and establishing the Toyota Motor Corp. Over the years the company expanded into other types of business such as Denso, Aichi Steel and Toyota Tshusho.
Toyota and the Material Handling Market - In 1956 Toyota have officially entered the industrial vehicle market with a new engine-powered forklift truck. By 1958 had reached into international water. By 1965 it was selling its forklifts from Japan to Europe. In 1967 Toyota introduced its first electric powered forklift. Production increased when Toyota decided to open a new factory that would be the largest in the world located in Takahama Japan in 1970. By 1971 the business was blossoming and the company has sold over 150.000 forklifts worldwide and by 1985 the total had reached 500.000. A decade later in 1995, it would reach the one million mark of forklifts sold worldwide.
Launch of First Fuel Cell Lift Truck - in 2000 Toyota proclaimed its commitment to start manufacturing environmentally friendly vehicles and truck applications that were first introduced in 2007 Chicago. The prototype developed in partnership between Toyota Industries Corp. And Toyota Motor Corp. used hydrogen and its primary power source. The prototype had no carbon emissions and produced electricity without combustion.
A Hybrid Lift Truck - In 2009 Toyota Material Handling USA introduced a hybrid concept lift truck. The new hybrid forklift used technology made able by the Toyota group that combined electric generator, Ic engines, and battery into an engine capable of operating with optimum fuel and emissions efficiency by shifting between battery and engine mode and recharging the battery during operation.
The Company Today - Toyota Industrial Equipment has reported their sales of more than $5.5 billion as of 2006. This was a nine percent better than over the 2005 sales numbers. It also operates material handling divisions in Canada under the name Toyota Canada Industrial Equipment, In the U.S under Toyota Material Handling, USA, Inc., and in the U.K under Toyota Material Handling U.K. Ltd.