Toyota Motor Philippines Corporation (TMP) officially endorses Standard Insurance Co., Inc. as the second model End-of-Life Vehicle (ELV) dismantling facility in the Philippines, included in the ‘Toyota Global 100 Dismantlers Project.’
Standard Insurance’s ELV dismantling operations primarily handle vehicles insured under its portfolio, with an average of 850 vehicles dismantled annually. Located in the company’s technical and training center in Naic, Cavite, the facility spans approximately 8,840 square meters and has a dismantling capacity of up to six units per day.
Backed by an investment of PHP17.8 Million, this initiative represents a major private sector involvement in appropriate vehicle life cycle management and circular economy.
End-of-Life Vehicle (ELV) dismantling facilities serve as a vital foundation for building a circular economy in the automotive industry. These facilities ensure that inoperable vehicles are processed responsibly, minimizing environmental impact by safely managing hazardous materials and maximizing resource recovery for reintroduction into the manufacturing cycle.
With two established dismantling facilities now operating in the country, the private sector beefs up the local capacity for responsible ELV management. This expansion not only supports local sustainability efforts but also addresses the climate-related risks posed by ELVs globally.
Standard Insurance bolsters the Toyota Global 100 Dismantlers Project, being the fifth on its list in the Southeast Asian region.
“We are very grateful to Standard Insurance for its voluntary resolve, making Toyota customers also feel assured with a proper place for ELVs to go,” said TMP president Masando Hashimoto.
“Our collective efforts are a clear testament to our long-term commitment to carbon neutrality and ‘Establishing a Recycling-based Society and Systems’ under the global Toyota Environmental Challenge 2050,” Hashimoto added.
The Toyota Global 100 Dismantlers Project is a worldwide initiative that seeks to establish proper ELV dismantling operations in different strategic locations around the world. Through this network, Toyota aims to address key environmental challenges such as pollution and resource depletion by promoting responsible disposal and recycling practices.
Standard Insurance, a partner in TMP’s ‘Toyota Insure’ program since 2021, follows En Tsumugi ELV Dismantler Corporation, the first ELV dismantling facility endorsed by Toyota in September 2024 in Mexico, Pampanga.