Logistics management company starts operations in China
FAW-Guangzhou Automobile-TMC Joint Venture Targets Efficiency, Lower Costs
TOYOTA MOTOR CORPORATION (TMC) announced that Tong Fang Global Logistics Co., Ltd. (TFGL), a logistics management joint venture it established with China FAW Group Corporation (FAW) and Guangzhou Automobile Group Co., Ltd. (Guangzhou Automobile) in July, began operations today in the Tianjin Economic and Technological Development Zone. This is the first joint venture among FAW, Guangzhou Automobile and TMC.
TFGL aims to increase efficiency and reduce costs by consolidating logistics operations, which, until now, were handled by each Toyota affiliate in China contracting individually with logistics companies. TFGL will also combine the logistics know-how cultivated separately thus far by FAW, Guangzhou Automobile and TMC and will undertake planning, computer-network-based logistics management and logistics consulting to help improve the quality of logistics at local distribution companies.