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Yahoo
11-03-2025
- Automotive
- Yahoo
TOYO Hosts Ethiopian Delegation, Exploring Opportunities for Enhanced Cooperation
TOKYO, March 11, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC:TOYWF) ("TOYO" or the "Company"), a solar solution company, is pleased to announce that it recently welcomed a delegation from Ethiopia's Industrial Park Development Corporation (IPDC) and Ethiopia's Ambassador to Japan and its facilities in Vietnam. The visit followed the delegation's participation in the Japan-India- Africa Business Forum held in Japan on February 26, 2025. TOYO is currently constructing a 2 GW solar cell manufacturing plant within Ethiopia's IDPC industrial park. This plant is scheduled to commence production by the end of this month, further contributing to local economic development and job creation. The meeting at TOYO's headquarter in Japan and its facilities in Vietnam highlighted the potential for further collaboration in establishing a robust solar supply chain. TOYO's expertise in solar cell manufacturing and sustainable manufacturing aligns with Ethiopia's goals of enhancing its industrial infrastructure while promoting environmental sustainability. "We are grateful for the Ethiopian government's supportive business environment and commitment to renewable energy," said Mr. Junsei Ryu, CEO and Chairman of TOYO. "The local authorities have been very responsive and proactive in resolving issues related to the building, fitting out, and logistics for our world-class facility. In addition, the access to abundant green power makes Ethiopia an excellent location for customers concerned with the total carbon footprint of their solar equipment. Our partnership has boosted our efficiency, aligned with our sustainability goals, and reinforced our confidence in Ethiopia as a hub for sustainable growth." "We highly value TOYO for its commitment to sustainable investments in Ethiopia, driving economic growth and supporting our climate change mitigation efforts," said Mr. Feseha Yetagesu, CEO of IPDC. "We were very impressed with TOYO's state-of-the-art and efficient facilities in Vietnam and we look forward to continued collaboration in building a greener future and fostering an environmentally conscious business environment." About TOYO Co., Ltd. TOYO is a solar solutions company that is committed to becoming a full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding the expected growth of TOYO, the expected order delivery of TOYO, TOYO's construction plan of manufactures, and strategies for building up an integrated value chain in the U.S. These forward-looking statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of TOYO's management and are not predictions of actual performance. The forward-looking statements in this press release involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO cautions you that these forward-looking statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the Securities and Exchange Commission (the "SEC"). These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements in this press release. TOYO cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to several risks and uncertainties, including, among others, the outcome of any potential litigation, government or regulatory proceedings, the sales performance of TOYO, and other risks and uncertainties, including but not limited to those included under the heading "Risk Factors" in the filings of TOYO with the SEC. There may be additional risks that TOYO does not presently know or that TOYO currently believes are immaterial that could also cause actual results to differ from those contained in these forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of TOYO as of the date of this press release. Subsequent events and developments may cause those views to change. However, while TOYO may update these forward-looking statements in the future, there is no current intention to do so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements to represent the views of TOYO as of any date subsequent to the date of this press release. Except as required by law, TOYO does not undertake any duty to update these forward-looking statements. Contact Information: For TOYO Co., Crocker CoulsonEmail: (646) 652-7185 View original content: SOURCE TOYO Co., Ltd
Zawya
28-02-2025
- Business
- Zawya
India's approach to Africa is about building, not extracting: Jaishankar at Japan-India-Africa forum
New Delhi : External Affairs Minister S Jaishankar said India's engagement with Africa focuses on building long-term, sustainable partnerships through capacity-building, skill development, and technology transfer, rather than extractive models, as he addressed the Japan-India-Africa Business Forum virtually on Wednesday. Jaishankar also underscored India's deepening economic ties with Africa, noting that bilateral trade has reached nearly USD 100 billion, alongside infrastructure and connectivity projects worth over USD 12 billion. "India's approach to Africa has always been guided by a deep-rooted commitment to building long-term, mutually beneficial partnerships. Unlike extractive models of engagement, India believes in capacity-building, skill development, and technology transfer, ensuring that African countries not only benefit from investments but also develop self-sustaining growth ecosystems," Jaishankar said. He further underscored India's growing economic ties with Africa, saying, "India is Africa's fourth-largest trading partner, with bilateral trade reaching nearly USD 100 billion and growing steadily. India has also made a significant commitment to Africa's connectivity and infrastructure development, with over USD 12 billion in concessional credit and more than 200 completed projects spread across the continent in areas such as railways, power generation, agriculture, and water supply. India's development projects in various sectors, such as drinking water schemes to irrigation, rural solar electrification, power plants, transmission lines, cement, sugar & textile factories, technology parks, and railway infrastructure, have generated local employment and, in fact, changed life in Africa." Jaishankar also brought forth the shared vision of India and Japan in strengthening engagement with Africa and beyond, reiterating their commitment to democratic values, freedom, and the rule of law. "Over the years, our bilateral relationship has evolved into a special strategic and global partnership. Together, we have built strong foundations in areas such as infrastructure, technology, healthcare, and education. Our engagement within the QUAD further complements and reinforces our bilateral engagement in a wide range of areas." Speaking on the role of the Global South, he emphasised the importance of ensuring that emerging economies have a voice in global decision-making. "As the Global South emerges as the future driver of economic growth, it is imperative that we ensure its aspirations and interests are fully represented on the global stage," he said. The EAM cited India's efforts in championing this cause, particularly through the Voice of the Global South Summits and its G20 presidency, during which it successfully facilitated the African Union's permanent membership in the G20. Jaishankar also pointed to other avenues of cooperation, including the Forum for India-Pacific Islands Cooperation (FIPIC) and the India-Africa Forum Summit, as key mechanisms for enhancing engagement. Reiterating India's focus on creating sustainable growth ecosystems, Jaishankar highlighted various initiatives undertaken by India to support Africa's development. He pointed to programmes such as the Indian Technical and Economic Cooperation (ITEC), the Pan-African e-Network project, and high-impact community development projects that have strengthened capacities in sectors such as healthcare, education, and digital public infrastructure. Informing about India's e-learning and telemedicine initiatives, Jaishankar mentioned, "The e-VidyaBharti and e-ArogyaBharti network was launched in 2019 for tele-education and tele-medicine. Under this initiative, youth from 19 African countries have enrolled for various courses in undergraduate, postgraduate and diploma courses." In his concluding remarks, Jaishankar expressed optimism about the future of India-Japan-Africa collaboration. "Japanese investments, India's solid industrial base and digital capacities, and Africa's talent and consumption can come together to create beneficial outcomes for all stakeholders. The growth and prosperity of Africa will not only benefit its people but also contribute to broader global stability and economic progress. India and Japan, with their complementary strengths, are well-positioned to support Africa's development in a sustainable and inclusive manner." © Muscat Media Group Provided by SyndiGate Media Inc. (
Zawya
28-02-2025
- Business
- Zawya
India offers to bridge East Asia, Middle East, Africa
NEW DELHI: India is offering itself as a bridge between East Asia, the Middle East and beyond to Africa, the country's External Affairs Minister, ", has said. 'India is positioned as an ideal hub for Japanese companies seeking to expand into Africa and the Middle East,' Jaishankar said at the Japan-India-Africa Business Forum. 'India's deep and longstanding engagement with Africa can make it a natural bridge, whether geographically or in the industrial value chain,' he said. The Minister envisioned Japan's financial resources and potential for investments, India's industrial base as well as digital capacities and African's talent and consumption coming together to create beneficial outcomes for all stakeholders, including those in West Asia. 'India and Japan can also collaborate to strengthen resilient supply chains for Africa and the Middle East, particularly in critical and emerging sectors,' Jaishankar said. 'As the Global South emerges as the future driver of economic growth, it is imperative that we ensure its aspirations and interests are fully represented on the global stage.' He pointed out that the African Union's full membership in the Group of Twenty (G20) was successfully ensured at the G20 Summit in New Delhi in 2023.
Times of Oman
27-02-2025
- Business
- Times of Oman
India's approach to Africa is about building, not extracting: Jaishankar at Japan-India-Africa forum
New Delhi : External Affairs Minister S Jaishankar said India's engagement with Africa focuses on building long-term, sustainable partnerships through capacity-building, skill development, and technology transfer, rather than extractive models, as he addressed the Japan-India-Africa Business Forum virtually on Wednesday. Jaishankar also underscored India's deepening economic ties with Africa, noting that bilateral trade has reached nearly USD 100 billion, alongside infrastructure and connectivity projects worth over USD 12 billion. "India's approach to Africa has always been guided by a deep-rooted commitment to building long-term, mutually beneficial partnerships. Unlike extractive models of engagement, India believes in capacity-building, skill development, and technology transfer, ensuring that African countries not only benefit from investments but also develop self-sustaining growth ecosystems," Jaishankar said. He further underscored India's growing economic ties with Africa, saying, "India is Africa's fourth-largest trading partner, with bilateral trade reaching nearly USD 100 billion and growing steadily. India has also made a significant commitment to Africa's connectivity and infrastructure development, with over USD 12 billion in concessional credit and more than 200 completed projects spread across the continent in areas such as railways, power generation, agriculture, and water supply. India's development projects in various sectors, such as drinking water schemes to irrigation, rural solar electrification, power plants, transmission lines, cement, sugar & textile factories, technology parks, and railway infrastructure, have generated local employment and, in fact, changed life in Africa." Jaishankar also brought forth the shared vision of India and Japan in strengthening engagement with Africa and beyond, reiterating their commitment to democratic values, freedom, and the rule of law. "Over the years, our bilateral relationship has evolved into a special strategic and global partnership. Together, we have built strong foundations in areas such as infrastructure, technology, healthcare, and education. Our engagement within the QUAD further complements and reinforces our bilateral engagement in a wide range of areas." Speaking on the role of the Global South, he emphasised the importance of ensuring that emerging economies have a voice in global decision-making. "As the Global South emerges as the future driver of economic growth, it is imperative that we ensure its aspirations and interests are fully represented on the global stage," he said. The EAM cited India's efforts in championing this cause, particularly through the Voice of the Global South Summits and its G20 presidency, during which it successfully facilitated the African Union's permanent membership in the G20. Jaishankar also pointed to other avenues of cooperation, including the Forum for India-Pacific Islands Cooperation (FIPIC) and the India-Africa Forum Summit, as key mechanisms for enhancing engagement. Reiterating India's focus on creating sustainable growth ecosystems, Jaishankar highlighted various initiatives undertaken by India to support Africa's development. He pointed to programmes such as the Indian Technical and Economic Cooperation (ITEC), the Pan-African e-Network project, and high-impact community development projects that have strengthened capacities in sectors such as healthcare, education, and digital public infrastructure. Informing about India's e-learning and telemedicine initiatives, Jaishankar mentioned, "The e-VidyaBharti and e-ArogyaBharti network was launched in 2019 for tele-education and tele-medicine. Under this initiative, youth from 19 African countries have enrolled for various courses in undergraduate, postgraduate and diploma courses." In his concluding remarks, Jaishankar expressed optimism about the future of India-Japan-Africa collaboration. "Japanese investments, India's solid industrial base and digital capacities, and Africa's talent and consumption can come together to create beneficial outcomes for all stakeholders. The growth and prosperity of Africa will not only benefit its people but also contribute to broader global stability and economic progress. India and Japan, with their complementary strengths, are well-positioned to support Africa's development in a sustainable and inclusive manner."
