- 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.
