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Embraer Collaborates With Toyota To Maximize Production System Efficiency

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  • Embraer SA (NYSE: ERJ) has signed an agreement with Toyota Motors Corp (NYSE: TM) Toyota do Brasil to embrace Toyota Production System (TPS) principles and concepts in its industrial operations.

  • With this initiation, Embraer aims to eliminate waste, obtain operational efficiency, and increase value generation for stakeholders.

  • In the first phase, a team of TPS specialists from Toyota Brazil will evaluate and suggest improvements for Embraer's main manufacturing area at the Ozires Silva Unit, located in São José dos Campos, São Paulo.

  • From 2022, ERJ's goal is to grow carbon neutral and, by 2024, have 100% of energy coming from renewable sources in Brazilian operations.

  • Price Action: ERJ share traded lower by 1.03% at $8.69 on the last check Friday.

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