@Toyota: Establishment of a Joint Venture Company for Local Production of Automotive Press Parts in South Africa ~Contributing to Improved Local Procurement Ratio and Job Creation in the Region~

Toyota Tsusho Africa (“TTAF”), a group company of Toyota Tsusho Corporation, in collaboration with Ogihara Thailand Company (“OTC”), has established Ogihara South Africa (“OSA”) in the Republic of South Africa (“South Africa”) which will manufacture automotive press parts for Toyota South Africa Motors (“TSAM”). The joint venture is 49% owned by TTAF and 51% by OTC.

South Africa, the largest automobile-producing country in Africa, faces the social issue of high unemployment rates. In response, it has set forth policies in the South African Automotive Masterplan (SAAM) to increase the local procurement ratio of automotive production parts from the current 39% to 60% and double the number of employees in the automotive industry to 240,000 by 2035.

In alignment with this government policy, TSAM, Toyota Motor Corporation’s automotive production base in South Africa, is also striving to improve its local procurement ratio. In response, TTAF, which has long supported TSAM’s production in South Africa, and OTC, a company that manufactures press parts globally, have decided to establish a joint venture to produce press parts for TSAM.

The construction of a factory in Durban, South Africa is currently underway, with the production of press parts scheduled to begin in January 2026. Subsequently, the local procurement ratio of press parts will be gradually increased, with the ultimate goal of achieving complete local procurement by OSA.
Localization of press parts imported from OTC will contribute to raising TSAM’s local procurement ratio, and OTC will also work to further increase the ratio by expanding the types of parts to be produced locally. Moreover, OSA plans to create around 250 local jobs by 2026, contributing to job creation.

By producing automotive press parts in South Africa, the Toyota Tsusho Group aims to contribute to the improvement of the local procurement ratio, job creation, and economic development.

[Overview of Ogihara South Africa]

Company name	Ogihara South Africa (Pty) Ltd.
Established	January, 2024
Location	Durban, Republic of South Africa
Business description	Manufacture of press parts
Capital	350 million rand
Investing companies	Ogihara Thailand Company : 51％ Toyota Tsusho Africa:　49%

[Overview of Toyota Tsusho Africa]

Company name	Toyota Tsusho Africa (Pty) Ltd.
Established	October, 1999
Location	Durban, Republic of South Africa
Business description	Supply chain management for automotive manufacturing entities
Capital	358 million rand
Investing companies	CFAO Holdings South Africa: 74.9% Kapela Holdings: 25.1%

【Overview of Ogihara Thailand】

Company name	Ogihara Thailand Company Ltd.
Established	February, 1987
Location	Bangkok, Kingdom of Thailand
Business description	Manufacture of press parts and press dies for automobiles
Capital	372 million Thai baht
Investing companies	Ogihara Corporation: 50% ITOCHU Thailand: 25% and other companies