Toy­ota pumps cash into Thai hub de­spite floods

NT News - Motoring - - CARS GUIDE -

TOY­OTA says it will spend $250 mil­lion on in­vest­ment in Thai­land, show­ing its con­fi­dence in the South­East Asian car sec­tor hub de­spite floods last year that caused se­vere dis­rup­tion to the sec­tor.

The Ja­panese car maker is build­ing a man­u­fac­tur­ing plant at Gate­way in­dus­trial park and restart­ing a pro­duc­tion line at its Thai Auto Works (TAW) plant, where its For­tuners were pro­duced, Ky­oichi Tanada, pres­i­dent of the Toy­ota Mo­tor Thai unit, says.

‘‘The rea­son we in­vest more is sim­ply be­cause we’re not pro­duc­ing enough,’’ Mr Tanada says.

The com­bined pro­duc­tion ca­pac­ity of the two new Toy­ota plants will be 88,000 units, he says, ex­pect­ing the Gate­way plant in Cha­cho­engsao prov­ince to be ready for pro­duc­tion in July 2013.

It will pro­duce pas­sen­ger cars, as well as en­vi­ron­men­tally friendly ‘‘eco cars’’. The TAW plant in Sa­mut Prakan prov­ince, which was closed in May 2010 af­ter a drop in de­mand, will be able to start in De­cem­ber this year, he says.

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