Toyota Tsusho : Establishes Hino Truck Wholesaler in Saudi Arabia - First Japanese-owned truck wholesaler in Saudi Arabia -
October 02, 2019 at 01:43 am EDT
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Toyota Tsusho Establishes Hino Truck Wholesaler in Saudi Arabia
- First Japanese-owned truck wholesaler in Saudi Arabia -
2019-10-02
Toyota Tsusho Corporation ('Toyota Tsusho') announces today it has established a Saudi Arabian wholesaler for Hino Motors, Ltd. ('Hino') trucks in partnership with local conglomerate Jamjoom Group. The wholesaler, Tsusho Jamjoom Trading Company ('TJT'), began full-scale sales activities in October, 2019 as the first-ever Japanese-owned truck wholesaler in Saudi Arabia.
Saudi Arabia, one of the leading oil-producing countries in the Middle East, is pursuing Vision 2030 as its economic and social reform strategy to reduce dependence on oil production and diversify industry. Amid this reform, local truck demand continues to expand, and currently Saudi Arabia accounts for 50% of the commercial vehicle market in the Middle East. Going forward, sustained expansion of the demand for trucks is expected due to the role they play in the logistics infrastructure supporting new industry born from industrial diversification and the increase in construction investment.
In 1972, Toyota Tsusho began exporting Hino trucks to Saudi Arabia, partnering with the Jamjoom Group as a local Hino distributor. The newly established wholesaler combines the Jamjoom Group's local sales network with Toyota Tsusho's after-sales service know-how developed through its automobile business. The new wholesaler will not only enhance the sales function, but bolster total support for commercial vehicles encompassing vehicle inspection, maintenance and repair, and spare parts supply.
As economic growth continues in Saudi Arabia, Toyota Tsusho will strive to contribute to the country's further development through supplying Hino trucks with QDR(excellent quality, durability, and reliability), generating new jobs, training technicians.
TJT Overview
Company name
Tsusho Jamjoom Trading Company
Conceptual image of planned Jeddah head office
Head office location
Jeddah, Saudi Arabia
Establishment
July 2019
Start of sales activities
October 2019
Representative
Tsutomu Mori
Capital
42 million Saudi riyal (approx. 1.2 billion yen)
Conceptual image of planned Dammam branch
Shareholders
Toyota Tsusho, 51%
Jamjoom Group, 49%
Employees
150 (as of October 2019)
Business description
Wholesaler and retailer of Hino trucks in Saudi Arabia and after-sales services
Toyota Tsusho Corporation published this content on 02 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2019 05:42:01 UTC
Toyota Tsusho Corporation is a diversified group organized around 7 areas of activity:
- production of metal (24.1% of net sales): steel bars, flat steel, wires, pipes, aluminum, etc.;
- manufacturing of chemical products and electronic components (23.2%);
- production of automobile components and accessories (12.4%). Toyota Tsusho Corporation also offers logistics services and tire assembly services;
- manufacturing of industrial machines equipment and gas (10.9%);
- sale of vehicles (7.9%): private cars, vans, heavy vehicles and motorbikes/scooters. The group also sells spare parts and offers after-sales services;
- manufacturing of food products (7.7%);
- other (13.8%): sale of insurance products (life, health, accident and house), accommodation services, sale of medical equipment and services, sale of textile products and office supplies.
Net sales are distributed geographically as follows: Japan (30.8%), China (14.4%), Africa (13.7%), the United States (9.8%) and other (31.3%).
TOYOTA TSUSHO CORPORATION 
