- Embraer ( NYSE: ERJ ) signed an agreement with Toyota do Brasil in order to embrace Toyota Production System principles and concepts in its industrial operations.
- The initiative aims to eliminate waste, obtain operational efficiency, and increase value generation for stakeholders.
- During the first phase of this joint work, a team of TPS specialists from Toyota ( NYSE: TM ) Brazil will immerse themselves in Embraer's daily work to evaluate and suggest improvements for the company's main manufacturing area at the Ozires Silva Unit, located in Sao Jose dos Campos, Sao Paulo.
- Shares of ERJ are down 3.2% after-hours .
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Embraer inks agreement with Toyota do Brasil