Toyota Motor will suspend production at one of its plants in Thailand at the end of the month as part of a revamp of its global production and supply network, a spokeswoman said Friday.
The automaker will shift production at Thai Auto Works near Bangkok – which builds the Fortuner sports utility vehicle and the Hilux Vigo pick-up truck – to two other Thai plants after 31 May, the company official told news agency AFP.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The move will not result in job cuts, she said, adding that Thai Auto Works has 950 employees and an annual capacity of 50,000 units.
The shutdown, decided in November, is part of Toyota’s efforts to streamline manufacturing and distribution operations in order to meet demand more smoothly.
Thailand, where Toyota currently has four plants, has become the regional hub for the carmaker’s production and exports. The company is deciding what to do with the factory after it closes.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
