Toyota to expand diesel engine production capacity in Thailand
19 October 2012
Toyota Motor Corporation’s (TMC) engine production subsidiary in Thailand, Siam Toyota Manufacturing Co., Ltd. (STM), will from 2015, expand the production capacity of diesel engines used in Innovative International Multi-purpose Vehicle Project (IMV) series vehicles to meet increasing demand in emerging markets. The series consists of three pickup trucks, a minivan and an SUV.
Diesel engine annual production capacity will be expanded by approximately 290,000 units to approximately 610,000 units a year and will see an investment of ¥40 billion (US$500 million) and the creation of approximately 450 new jobs.
With Thailand as a global supply base, diesel engines made at STM will continue to supply vehicle plants in Thailand. Exports to emerging markets are also being considered.
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