Fortune magazine has named Toyota Industries Corporation (TICO) to its top 50 list of the “World’s Most Admired Companies” for the fourth consecutive year.
TICO, which is comprised of four key business units – automobiles, materials handling equipment, textile machinery and logistics solutions – earned the No. 1 spot in the motor vehicle parts industry ranking. Toyota Industries is ranked as the 46th most admired company in the world overall.
Toyota is the world’s leading supplier of lift trucks. The majority of lift trucks sold in the United States by TICO’s subsidiary, Toyota Material Handling, U.S.A., Inc. (TMHU) are manufactured at the Toyota Industrial Equipment Manufacturing (TIEM) Columbus, Ind., plant.
“Toyota is honored to be ranked by leading U.S. and international businesses as one of the most admired companies in the world,” said Brett Wood, president TMHU. “The work of our team of associates and dealers continues to propel the company forward. Especially during these challenging times, we will continue to work diligently to earn the admiration of our valued customers and top businesses.”
Toyota Motor Corporation (TMC) also was featured in the Fortune survey, ranking third on the “World’s Most Admired Companies” list, following Apple and Warren Buffet’s Berkshire Hathaway.
The Fortune most admired category is based on a survey of more than 4,000 executives, directors and securities analysts. A total of 689 companies from 28 countries were surveyed.
TICO received the top industry ranking for motor vehicle parts based on their score for these nine criteria: people management, quality of management, financial soundness, long-term investment, quality of products/services, global competitiveness, innovation, social responsibility and use of corporate assets.
About Toyota Material Handling USA Inc.
Celebrating more than 40 years of established operations in the United States, Irvine, Calif.-based Toyota Material Handling USA Inc., (TMHU) has been the No. 1 selling lift truck supplier in the U.S. since 2002 and currently offers a full line of high-quality lift trucks sold under the Toyota brand. TMHU, as the sole United States distributor for Aichi, now offers a line-up of aerial work lifts, including scissor lifts, crawler and wheeled boom lifts designed specifically to meet a wide range of indoor and outdoor needs.
Built on a reputation of excellence, Toyota remains popular due to its quality, durability and reliability. Quality is the hallmark of Toyota’s world-renowned Toyota Production System practiced at all Toyota manufacturing facilities, including Toyota Industrial Equipment Manufacturing (TIEM). Most of the Toyota lift trucks sold in the United States are manufactured at TIEM in Columbus, Ind.
TIEM, and all Toyota manufacturing plants in the U.S. and Canada, comply with the ISO 14001 standard from the International Organization for Standardization (ISO), and have been honored for their environmental management systems and dedication to continuous improvement.
Toyota’s commitment to excellence in customer service extends nationwide. Sixty-eight authorized Toyota Industrial Equipment dealers, with a total of 189 dealership locations throughout the United States, offer comprehensive customer service support, including one-stop shopping for both new and Certified Used lift trucks, parts and service, fleet servicing and financing.