Toyota ranks 31 in Fortune's Most Admired companies

01 Apr '08

2 min read

Toyota Industries Corporation (TICO) has once again earned the praise of global business leaders as a member of Fortune magazine's 'Most Admired' list.

The world leader in materials handling equipment, TICO is ranked number 31 in this year's Fortune list of the world's 50 most admired companies. Toyota Motor Corporation is ranked third in the same list.

TICO has five key business units: automobiles, materials handling equipment, logistics, textile machinery and 'others'. In the 2008 Fortune ranking, TICO was listed as the second most admired producer of motor vehicle parts.

A Fortune Global 500 company, TICO employs more than 36,000 people worldwide, including more than 16,000 people in its materials handling operations.

TICO's materials handling activities are concentrated within the Toyota Material Handling Group (TMHG). Toyota Material Handing Europe (TMHE) is the European regional organisation of TMHG and began operations in 2006 to manage the Toyota and BT materials handling business in Europe.

In fiscal year 2007, TICO reported net sales of €12.7 billion, including €5.2 billion for its materials handling operations. Net sales for TMHE in FY 2007 were approximately €1.6 billion.

The Fortune Most Admired list is seen by many as the definitive report on corporate reputations, with business leaders asked to name the companies that they admire the most, both in their own sector and in other business areas. The results are compiled into a global all-star list and 26 industry sector lists.

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