Thursday, October 28, 2004
Paul Krepps, MEDC
Governor Joins Company Officials to Announce Plans
"This marks the beginning of a new relationship with Hino, and furthers Michigan's growing partnership with Toyota," Granholm said. "Hino's decision to move its headquarters here is testament to the state's business-friendly climate and automotive industry leadership."
Hino Motors Sales, also known as Hino Trucks, is the sales arm of Tokyo-based Hino Motors Ltd. Founded in 1942, Hino Motors Ltd. is Japan's leading producer of medium and large commercial trucks and busses with 8,500 employees worldwide and gross revenues of $10 billion. Owned 51 percent by Toyota Motor Corporation, Hino is one of Toyota's core group of companies.
The relocation will bring the company closer to its customers and suppliers.
"We are excited about our new facilities and our move to the Detroit area," said Mitsuo Kikuchi, President of Hino Motors Sales U.S.A., Inc. "Michigan provides the right environment to support our plans for future growth."
In her 2004 State of the State address, Governor Granholm announced her plan to make Michigan a global economic powerhouse in the 21st century. Thus far this year, the Governor and the Michigan Economic Development Corporation (MEDC) have announced the creation or retention of approximately 30,872 jobs as a result of targeted assistance provided by the MEDC.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.