Toyota Manufacturing UK has been awarded the 2005 Queens Award for International Trade. It comes as recognition of Toyota’s contribution to British exports between 2003 and 2004.
The International Trade Award is part of the Queens Award for Enterprise and is presented to companies that have demonstrated growth in overseas earnings. From 2002 and 2004, Toyota doubled its overseas export value to around £2 billion by adding new markets such as Japan and increasing sales to developing markets such as Eastern Europe and Russia.
Toyota’s plant in Derbyshire (pictured right) exports Avensis and Corolla models to 80 markets worldwide with 70 per cent of production going to mainland Europe and just over 10 per cent to Japan. Together with the company’s engine plant at Deeside, which exports to seven other Toyota plants on three continents, the net contribution of the company to the UK’s balance of payments is over £400 million a year
