Toyota Motor Philippines Corporation History
Toyota Motor Philippines Corporation (TMP) is an automotive manufacturing company incorporated in August 3, 1988. TMP is owned by the following business entities: Metropolitan Bank and Trust Company; Toyota Motor Corporation; and Mitsui & Company Limited.
In 1995, the Toyota Santa Rosa (Laguna) Industrial complex was declared as a Special Economic Zone. The 82-hectare Toyota Special Economic Zone (TSEZ) houses Toyota's manufacturing plant and head office, and is home to a number of investors performing strategic roles in the manufacture and export of automotive products to ASEAN, Japan, and other parts of the world.
TMP is the biggest automotive company in the country, with the widest vehicle line-up of 17 models and a sales distribution and service network composed of 28* outlets nationwide. Products include the Vios, Innova, Corolla Altis, Yaris, Camry, Fortuner, Hilux, Hilux FX, Avanza, Prius, Rav4, Hiace, Previa, LC200, Prado, Alphard, and Coaster. Market share in 2010 was 33.4%. In October 2011, TMP sold its 700,000th vehicle, making Toyota the first in the Philippine automotive industry to achieve this feat. The TMP manufacturing plant is currently produces the best-selling Innova and Vios.
*as of November 2011
Most recent awards and recognitions (2010 – 2011) include:
With Toyota Motor Philippines Corporation at the forefront of the Philippine automotive industry, we invite you to join us as we reaffirm our commitment to spur economic growth and to help the country and the Filipino people shape a more prosperous future.
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The Toyota Way
The Toyota Way is the core belief system for all Toyota operations around the world, regardless of local culture and ownership structure. It underlies all thoughts and deeds of the global organization. The Toyota Way is built on two pillars: Continuous Improvement and Respect for People.
Grounded on the PDCA cycle (Plan, Do, Check, Act), Continuous Improvement defines the constant pursuit to raise quality, lower costs, generate results faster and satisfy the customer more efficiently.Respect for People recognizes that success, as shared by customers, employees, shareholders, dealers and suppliers results from working together in the spirit of openness, fairness and trust.
As the leading player in the automotive industry, TMP provides a very competitive salary and benefits package to its Team Members. Based on market assessments and Company guidelines that ensure equity, TMP's compensation scheme reflects how much the Company values and cares for its Team Members.
TMP provides a wide range of benefits to support all aspects of work and family life. The benefits structure consists of: (1) base-level benefits which apply to all Team Members and (2) supplementary benefits which are chosen by Team Members according to his needs.