Wednesday, February 29, 2012

Toyota pours more investment to Thailand


Toyota Motor Corporation, Japan on Wednesday announced Bt6 billion investment to increase its engine production in Thailand, showing yet another mark of confidence to the Thai economy despite the great floods last year.

In a statement, the company said that through the investment through Siam Toyota Manufacturing Co Ltd (STM), the production capacity of Toyota Corolla ZR benzene engines will be raised by 100,000 units annually, creating around 200 new additional jobs, from 3,000 at present. The expansion will include increasing the capacity for the casting of aluminum materials. The expansion programme at the plant in Amata-Nakorn Industrial Estate, Chon Buri, is projected to be completed in 2014.