Toyota Motor Corporation (TMC) is to start production at a new plant in China in the first half of 2012.
Site groundbreaking had initially taken place in October 2008, but plans were put on hold as the financial crisis bit.
Go deeper with GlobalData
The facility will be the third plant of Sichuan FAW Toyota Motor Co (SFTM), a joint venture between TMC and China FAW Group Corporation (FAW).
The new plant – located in Changchun, Jilin Province – will initially produce the Corolla on a scale of 100,000 units annually.
The new investment will total approximately CNY3.8bn (US$550m).
Production by Toyota Motor Corporation soared more than 80% in March compared to depleted year-ago levels, figures out earlier this month showed.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
