Toyota Tsusho Corporation (“Toyota Tsusho”) announced that TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED (“TTMG”) became the first Japanese company to start vehicle assembly in the Republic of Ghana by beginning assembly today of Toyota Motor Corporation’s (“Toyota”) Hilux pickup truck. The commencement of operation at TTMG was marked by an onsite ceremony, during which it was announced that the company also plans to start SKD* production of Suzuki Motor Corporation’s (“Suzuki”) Swift compact car from 2022.
President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo, Ghana’s Minister of Trade and Industry Alan John Kwadwo Kyerematen, and Japanese Ambassador to Ghana Tsutomu Himeno attended the ceremony, at which TTMG President Akira Yamada donated a Hilux to Ghana’s Ministry of Trade and Industry.
At the ceremony, Toyota Tsusho President & CEO Ichiro Kashitani stated via a video message: “Our African business has a history of more than 90 years. Based on our philosophy of ‘WITH AFRICA FOR AFRICA’, we seek to contribute to African society and the economy of Africa while further reinforcing and expanding our business foundations. Starting today through this project, we will go on to deliver the ‘production of happiness for all’ to the people of Ghana, as well.”
Speaking directly in front of those present at the ceremony, Toyota Tsusho COO for Africa Division Shinichiro Otsuka said: “To contribute to the social and economic development of Ghana, we will promote the production of high-quality cars that are made in Ghana. In addition, by providing high-quality sales and after-sales service at our distributors, we will continuously support the safe and secure lives and businesses of the people of Ghana.”
TTMG is the fifth vehicle production base of the Toyota Tsusho Group in Africa, after Kenya, Egypt, Nigeria, and Rwanda, and is located in the Ghanaian city of Tema (30 km from the capital Accra). It is the Toyota Tsusho Group's first vehicle assembly plant in West Africa, with an annual production capacity of 1,300 units based on an investment of approximately 7 million U.S. dollars. It has approximately 50 employees and currently conducts SKD production of the Toyota Hilux pickup truck.
Also, the planned SKD production of the Suzuki Swift compact car announced today is based on a collaboration agreement concluded between Toyota and Suzuki in March 2019. It is planned as part of strengthening and expanding the alliance between Toyota Tsusho, which received the full transfer of sales and marketing operations in Africa from Toyota in January 2019, and Suzuki.
Going forward, in addition to engaging in the automobile sales business, Toyota Tsusho intends to tailor local production to market needs, further contributing to the development of the automobile industry in Africa.
*Semi knock-down. A method of vehicle assembly that only requires simple processes such as the tightening of bolts.
■Overview of TTMG
Company Name : TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED
Location : Tema, Republic of Ghana
Capital : 3 million U.S. dollars
Shareholder : Toyota Tsusho 100％
Representative : Akira Yamada, managing director
Established : June 2020
Business Description : Automobile assembly and production
Production Vehicles : Toyota Hilux (Production of Swift planned from 2022)
Production Volume : 1,300 units/year
■TTMG production models: Toyota Hilux
■TTMG production models: Suzuki Swift (planned)
Note: The Suzuki Swift shown here is the model currently imported and sold in Ghana and may differ from the model that TTMG plans to produce.
Toyota Tsusho Acquires License for Vehicle Assembly Business in Ghana
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