BookTitleToyota Tsusho 70-Year History

Summary

Toyota Tsusho 70-Year History

generation business in January 2015.2 Business Development in the Middle EastSupport for Reconstruction Work in IraqIraq, a key country in the Middle East, has experiencedthree wars in the last 20 years, leading to manyreconstruction projects. In the 1990s, Tomen Corp.,before its merger with Toyota Tsusho, participated in theOil-for-Food Program, which allowed Iraq to sell oil inthe world market in exchange for humanitarian aid underthe observation of the United Nations. The companybecame Japan’s most prolific supplier to Iraq of spareparts used at plants, supplies, automobiles, constructionmachinery, tires and wheels, and nonferrous metals.In the 2010s, Toyota Tsusho expanded its initiativesin support of Iraq’s reconstruction to the resources andenergy and automotive sectors, maintaining its positionas Japan’s No. 1 company in the country. In January2013, Toyota Tsusho delivered two dredgers orderedby the Iraqi government. These dredgers were providedby the Japanese government as part of reconstructionaid for Iraq in the form of an ODA loan to the Iraq PortAuthority.Constructing a Transformer Substation in IraqIn March 2017, Toyota Tsusho won a contract from theMinistry of Electricity of Iraq to construct permanent andmobile substations for Electricity Sector. An end-to-endproject from design and procurement to construction, thisis one of the largest construction projects contracted to aJapanese company since the end of the Iraq War.Toyota Tsusho is constructing transformer substationsin the capital city of Baghdad and near Basra, a majorcity in southern Iraq. Construction of these substations,scheduled for completion in 2021, will bring a steadysupply of power to approximately 1.3 million householdsin Iraq, a country that continues to suffer from anunreliable power supply.Delivery of dredgersA mobile substationHistory177