Toyota Manufacturing (STM), Toyota Motor’s engine production base in Thailand, will build a new plant to boost its annual diesel engine production capacity by 150,000 units in 2010.
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The new plant, to be built on STM’s current premises, will boost annual diesel engine production capacity to 350,000 units. Including petrol engines, STM will have overall capacity of 650,000 engines a year.
STM President Shigeru Murai announced the expansion at a joint press conference with Toyota Motor Thailand (the vehicle production base in Thailand) in Bangkok, attended by Thai government officials.
As a global production and supply base for the Innovative International Multi-purpose Vehicle (IMV) project, begun in 2004, STM provides diesel engines to IMV-producing countries.
In 2007, STM produced 229,000 diesel engines, of which 72,000 were exported to six countries, including India and ASEAN member countries.
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By GlobalDataThe STM expansion is to meet increasing demand for the IMV series, which is popular in various regions around the world, and will be backed by an additional investment of approximately JPY17.3bn (about 5.4bn baht). The new plant is expected to create approximately 700 jobs.
The Toyota IMV Project is aimed at creating a worldwide optimal production and supply network. Currently, the IMV series consists of three vehicle types: a pickup truck, a minivan and an SUV.
