Toyota Motor Philippines Logistics, Inc. (TLI), a wholly-owned subsidiary of Toyota Motor Philippines Corp., said its sales grew 43 percent in 2021 from 2020 and up 29 percent from pre-pandemic level in 2019 despite the challenges brought by the new coronavirus disease 2019.
TLI, a Philippine Economic Zone Authority-registered ecozone logistics service enterprise located in Santa Rosa City, Laguna, handles exports of multi-sourced Toyota original equipment manufacturer (OEM) parts, spare parts and accessories.
In a statement, TLI said sales in 2021 stood at $175 million from $122 million in 2020. Its sales in 20189 stood at $135.69 million.
TLI attributed its success to a large extent to the government’s policy which allowed unhampered operations of logistics service providers and export-oriented businesses even during the pandemic.
TLI’s 2021 sales was also reflective of global market recovery momentum as evidenced by increased exports to top destinations including Thailand, Pakistan, Brazil, South Africa and Indonesia.
TLI, a Philippine Economic Zone Authority-registered ecozone logistics service enterprise located in Santa Rosa City, Laguna, handles exports of multi-sourced Toyota original equipment manufacturer (OEM) parts, spare parts and accessories.
Since its incorporation in 2016, TLI has established its role in Toyota’s supply chain as a warehousing and logistics services provider, catering to the needs of Toyota affiliates worldwide. Currently, TLI exports to over 30 destinations in five continents.
The Toyota Network continues to provide a critical support to the local automotive industry and global parts supply chain. Export contribution of Toyota Group accounted for 32 percent of the total Philippine exports of automotive parts and components in 2021.
