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New Resin Fuel Tank Plant to Open in California

Lathrup, Calif., February 3, 2003 — Established in November 2001, Fuel Total Systems California Corporation (FTS-CA), a wholly owned subsidiary of FTS Co., Ltd., is near completion of its resin fuel tank plant. FTS Co. Ltd. of Japan, a joint venture between Toyoda Gosei, Toyota Motor Corporation and Horie Metal, is the parent company of FTS-CA.

“FTS-CA plans to begin mass production to New United Motor Manufacturing Inc. (NUMMI) in early 2004 with plans to gradually expand its operations,” stated Mr. Kyoji Ikki, FTS-CA president.

In 2004, FTS-CA targets sales of $47 million and a workforce of 70. The company plans to increase sales to $86 million by 2007.

Global Toyoda Gosei, with headquarters in Nagoya, Japan, and Troy, Michigan, U.S.A. is a world-class supplier to the automotive industry. Toyoda Gosei’s five product categories include: Sealing Systems, Interior / Exterior Systems, Optoelectronics, Fuel Systems / Functional Parts and Safety Systems. The TG Group employs over 12,000 people and has 47 manufacturing, technical and sales facilities located in 12 countries around the world.

Media Contact:

John Wells
Toyoda Gosei North America
Tel: 248.280.7312
john.wells@toyodagosei.com