Sichuan, China, May 19, 2010 - (ACN Newswire) - Toyota Motor Corporation (TMC) announces that Sichuan FAW Toyota Motor Co., Ltd. (SFTM) - a joint vehicle-production company established in China's Sichuan Province with China FAW Group Corporation (FAW) - held a ceremony today to mark the relocation of its Chengdu plant to the Chengdu National Economic & Technological Development Zone in Chengdu, Sichuan Province.
Approximately 400 people attended the event, including Chengdu City government officials, FAW Vice President Jin Yi, TMC Executive Vice President Atsushi Niimi and TMC Senior Managing Director Akira Sasaki.
At the ceremony, Niimi said: "China is a very important market for Toyota, and Chengdu is ranked highly as a core city for China's interior markets. We hope that the new plant will be another example of splendid recovery in the area, which has already bounced back remarkably after the 2008 Sichuan Earthquake, thanks to the strong leadership of government officials and the wholehearted efforts of area residents."
Approximately 3.6 billion yuan has been invested in the relocation and the increased annual production capacity at the new plant, which is 30,000 units as compared to 13,000 units at the previous plant. Also, 300 new employees have been hired to meet the new production capacity.
Today's ceremony also served to mark the official beginning of production of the new "Land Cruiser Prado" mid-size, four-wheel-drive vehicle.
Outline of SFTM (As of April 30, 2010)
Company name: Sichuan FAW Toyota Motor Co., Ltd. (SFTM)
Rep. President: Haruaki Hoshino
Vice president: Liu Yi Gong
Establishment: July 2005*
Capitalization: 307 million U.S. dollars
Equity participation: FAW: 50%;
TMC: 48.9%;
Toyota Tsusho Corporation: 1.1%
Plant name:
- New Chengdu Plant
Location: Chengdu National Economic & Technological
Development Zone, Chengdu, Sichuan
Start of production: May 2010
Product lineup: Coaster, Land Cruiser Prado
Annual prod capacity: 30,000 units
Site area: Approx. 450,000 m2
Employees: Approx. 2,000
- Changchun Plant - Current plant
Location: No. 5 Gate, Dongfeng Street, Changchun, Jilin
Start of production: October 2003
Product lineup: Land Cruiser
Annual prod capacity: 10,000 units
Site area: Approx. 75,000 m2
Employees: Approx. 500
- Changchun Plant - Current plant
Location: Changchun Automotive Industries Development Area
Start of production: 2012 (first half)
Product lineup: Corolla
Annual prod capacity: 100,000 units
Site area: Approx. 980,000 m2
Employees: T.B.A.
* Originally established as the Sichuan Toyota Motor Co., Ltd. in November 1998, and later re-established as SFTM in July 2005 through a merger with Changchun FAW Fengyue Auto Co., Ltd., established in July 2003.
Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150
Topic: Establishment of New Branch
Source: Toyota Motor Corporation
Sectors: Automotive
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