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Toshiba Establishes Industrial Motor Manufacturing and Sales Base in Vietnam

--Responding to global demand growth for high-efficiency motors--
24 Dec, 2008

TOKYO--Toshiba Corporation (TOKYO: 6502) today announced that it will meet growing demand for high efficiency motors in the global market by establishing a new manufacturing and sales base in Vietnam. The new company, Toshiba Industrial Products Asia Co., Ltd. will be located in Vietnam's Dong Nai province, and will manufacture high-efficiency industrial motors rated at under 100 horsepower, plus their parts.

Toshiba Industrial Products Asia Co., Ltd. will construct a factory at Amata Industrial Park in Dong Nai province, on the outskirts of Ho Chi Minh City. The start of construction is scheduled for April 2009, and the plant will come on line in September 2010. The site has an overall area of 80 thousand square meters, and the total investment in facilities construction and manufacturing equipment is expected to be in the region of US77 million dollars.

When the new facility reaches full capacity in FY2015, it will be able to manufacture up to 1.2 million high-efficiency industrial motors a year, including key components, as required by the market. Key features of Toshiba high-efficiency motors include their low noise and low malfunction rate. As the new company ramps up its business, its initial product line will include parts for export to North America. It will subsequently start exports to China, Southeast Asia and Japan, toward achieving a ¥18 billion sales target by FY2015.
Alongside Toshiba's three existing manufacturing bases, Toshiba Industrial Products Manufacturing Corporation in Japan, Toshiba Dalian Co., Ltd. in China, and Toshiba International Corporation in the United States, Toshiba Industrial Products Asia Co., Ltd. will form a manufacturing and sales system serving the global market, Toshiba Group targets net sales of ¥70 billion for its motor business by FY2015.

Background and Objectives

A growing awareness of the need for enhanced environmental protection has spurred demand for high-efficiency motors that consume less power and emit less CO2 Governments are also responding to this trend. The manufacture and sale of motors meeting higher levels of efficiency than current regional standards is expected to become mandatory in the United States in 2010, and other governments are expected to follow suit. These legislative moves will spur demand, and the ratio of high-efficiency motors is expected to increase substantially .

By expanding production at four facilities, including the new Dong Nai plant, and responding to demand for high-efficiency motors that meet global standards and satisfy the requirements of individual countries, Toshiba will strive to secure a market share that places it in the top three in the industry by FY2015.

Outline of New Company

1. Company Name:  Toshiba Industrial Products Asia Co., Ltd
2. Founded:  December 24, 2008
3. Start of production:  September 2010
4. Capital:  29 million USD (As of March, 2010)
5. Holding ratio:  Toshiba Corporation 60%, 
Toshiba Industrial Products Manufacturing Corporation 30%
Toshiba Industrial Products Sales Corporation 10%
6. Location:  Bien Hoa City, Dong Nai Province, Vietnam
(Amata Industrial Park)
7. Employees:  Approx. 500 (As of 2015)
8. Site Area:  Approx. 80,000m2
9. Scope of business:  Manufacture and sale of high-efficiency motors and related parts for production of industrial motors
rated at less than 100 horsepower

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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