Toyota City, Japan, February 29, 2012—Toyota Motor Corporation (TMC) announces that Siam Toyota Manufacturing Co., Ltd. (STM), TMC's engine production base in Thailand, will in early 2014 increase its annual production capacity from approximately 740,000 units to approximately 840,000 units. The production capacity increase, consisting of approximately 100,000 units per year of the "ZR" engine used in the "Corolla" series, is aimed at meeting rising demand in the ASEAN region.
The increase will see an additional investment in STM of approximately 14 billion yen and is expected to create approximately 200 new jobs. In addition to supplying the domestic market, the STM-produced engines will be exported to Vietnam and Taiwan.
In the Toyota Global Vision, TMC has positioned its operations in emerging markets as a top priority and plans—based on the concept of producing vehicles where they are sold—to further promote local procurement of major engine components necessary for vehicle production.
Overview of Siam Toyota Manufacturing Co., Ltd.
|Location||Amata Nakorn Industrial Estate, Chonburi Province, Thailand|
|Start of production||1989|
|Employees||Approx. 3,000 (as of January 31, 2012)|
|Production capacity||Current: Approx. 740,000 units/year|
|Early 2014 (planned): Approx. 840,000 units/year|
|Equity participation||TMC: 96%|
|Cementhai Holding Co., Ltd.: 4.0%|