The Second Plant of TFTD Constructed to Provide Dies Products to Global TOYOTA Facilities

The Second Plant of TFTD Constructed to Provide Dies Products to Global TOYOTA Facilities

May 22, 2006

    TIANJIN, China, May 22 /Xinhua-PRNewswire/ -- The
construction of the second plant of TOYOTA FAW (TIANJIN)
DIES CO., LTD (TFTD) was completed completed on May 22nd in
TEDA, signalling the rise of dies production in Tianjin to
world level. 

    TFTD is a joint venture established by TOYOTA and FAW
to produce large automotive stamping dies.  Supported by a
total investment of USD50million, TFTD adopts the world
most advanced technology to design and produce dies and
creats a special model of dies production that is unique to
TFTD, i.e., the production technology of
"cloning".  This has largely shortened the
revising time at the later stage of dies production, which
enables the realization of the revolution: production of
dies digitally in batches.

    With its second plant constructed, TFTD is planning to
export dies abroad while targeting at global TOYOTA plants.
 By the end of May 2006, TFTD will be able to double its
capacity.  This means it can meet the needs of producing 6
kinds of automotive dies annually rather than the original
3 kinds of automotive dies.  TFTD will, in compliance with
TOYOTA's design, technology and quality requirement,
produce the stamping dies for all kinds of automobiles. 

    The construction of TFTD's second plant not only plays
a key role for low cost production and short lead time, but
it also produces far reaching influence on the automotive
production and development of the automotive dies. TFTD
will try to initiate an economy operation model in Tianjin
that is characterized by environment protection and cyclic
use of resources, i.e., in the process from materials of
dies, to foundry, dies processing and stamping, TFTD will
fulfill complete and closed recycling of materials and
resources, thus realizing the pollution-free "Zero
Emission".

    About Tianjin Economic-Technological Development Area
(TEDA)

    Tianjin Economic-Technological Development Area (TEDA)
was established in 1984 with the approval of the State
Council of the People's Republic of China.  It is one of
the first state-class economic-technological development
areas in the country. 

    TEDA is located in the center of a larger area
bordering Bohai Sea and the east of the Asia-Europe Land
Bridge, thus serving as the gate to the two super cities of
Beijing and Tianjin, and the throat connecting the northeast
of China.  By the end of 2005, 4,067 foreign companies have
landed in TEDA.  Of the Fortune 500 companies, 57
multinational companies, from 10 countries and regions,
including such well-established multinational giants as
Motorola, Samsung and Toyota, invested in 123 enterprises
in TEDA.  In 2000, "Fortune" listed TEDA as one
of the most highly recommended economic areas in China.  In
2002 UNIDO listed TEDA as one of the most dynamic areas of
China together with Shenzhen, Suzhou, Wenzhou, Shanghai
Pudong and Xi'an High-tech Park.

    For more information, please visit:
http://www.investteda.org .

SOURCE  Tianjin Economic-Technological Development Area