OREANDA-NEWS. March 29, 2011. Toyota Tsusho Corporation (hereinafter referred to as ЃgToyota TsushoЃh; Headquarters: Nagoya City, Aichi Prefecture; President: Junzo Shimizu) made a capital injection for a third-party allocation of new stocks in Tai Yi-Fong Co.Ltd. Ѓihereinafter referred to as ЃgTai Yi-FongЃh; Headquarters: New Taipei City) on February 24 of this year. Furthermore, the amount of capital injection was about JPY200 million, comprising 20% of the controlling shares.

An increase in the number of fuel efficient vehicle is projected in Taiwan, due to an increased level of interest in environmental and energy issues. Demand for lubricating oil, suitable for fuel efficient vehicle, therefore, is expected to increase in the future.

Tai Yi-FongЃfs manufacturing plant is located on the outskirts of Taipei City, with an annual production capacity of 50,000 kiloliters, which is the top level manufacturing capacity in Taiwan. Production will start in 2011, with targeted sales of about JPY4 billion by 2016.

In addition to the traditional lubricating oil business in Japan, Toyota Tsusho will intensify the companyЃfs overseas manufacture and sales business of lubricating oil for fuel efficient vehicle, while aiming to build a value chain that encompasses the procurement of base oil, the raw material for lubricating oil, to the sale of lubricating oil.