|
|
|
|
|
|
| Annual Local Capacity to Increase to 180,000 Vehicles in Early 2013 |
TOKYO, Sept 13, 2011 - (ACN Newswire) - Toyota Motor Corporation (TMC) announces that PT. Toyota Motor Manufacturing Indonesia (TMMIN), TMC's vehicle production subsidiary in Indonesia, plans to build a second plant adjacent to its existing Karawang Plant to meet demand in the growing Indonesian market.
Karawang Plant No. 2 is scheduled to start production of new vehicle models in early 2013 at an annual pace of 70,000 units. Total cash investment for construction is expected to be 26.3 billion yen and new hires for TMMIN are also planned.
The existing Karawang Plant has an annual production capacity of 110,000 vehicles(1) and produces the "Kijang Innova" and the "Fortuner" - core vehicles of the Innovative International Multi-purpose Vehicle (IMV) Project(2) - that are sold in the domestic market and also exported to Thailand, South Africa and other regions. The two plants will give Toyota an annual production capacity of 180,000 vehicles in Indonesia in early 2013.
Separately, to commemorate Toyota's 40th year of business in Indonesia, a ceremony will be held today in Jakarta to be attended by government officials, suppliers, TMC President Akio Toyoda, TMMIN President Masahiro Nonami and PT. Toyota-Astra Motor(3) President Johnny Darmawan Danusasmita.
As expressed in the Toyota Global Vision announced in March, TMC plans to further strengthen its activities in emerging markets and to continue producing vehicles that exceed consumer expectations.
Overview of PT. Toyota Motor Manufacturing Indonesia
President: Masahiro Nonami
Equity: TMC (95%), PT. Astra International (5%)
Location: North Jakarta, Indonesia
Employees: Approx. 5,700 (as of July 2011)
Plants: Karawang Plant No.1
Annual capacity: 110,000 units
Production: Kijang Innova, Fortuner
Plants: Karawang Plant No.2
Annual capacity: 70,000 units
Add. investment: 26.3 billion yen
Production: New vehicle models
Timeline of Toyota in Indonesia
1971: PT. Toyota-Astra Motor (manufacturing and sales)
established
1977: Kijang production starts
1987: Kijang exportation starts
1996: Cumulative vehicle production reaches 1 mil units
1998: Karawang No. 1 Plant begins operations
2003: PT. Toyota-Astra Motor split into TMMIN
(manufacturing) and TAM (sales)
2003: Kijang cumulative production reaches 1 mil units
2004: Avanza (jointly developed with Daihatsu Motor Co.)
production starts
2004: Kijang Innova production starts
2006: Fortuner production starts
2011: Construction of Karawang Plant No.2 begins
(operation start scheduled for early 2013)
(1) Production capacity was increased from 100,000 vehicles in May 2011 to 110,000 vehicles in July 2011 through improved production efficiency
(2) Aimed at creating an optimal production and supply network on a global scale, started from 2004; the project consists of three pickup trucks, a minivan, and an SUV
(3) Toyota vehicle sales company in Indonesia owned by PT. Astra International (51%) and TMC (49%)
Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150
Topic: Construction of Facility
Source: Toyota Motor Corporation
Sectors: Automotive
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
