Toyota plant in China will begin production in 2012

RP news wires, Toyota Material Handling

Toyota Motor Corporation (TMC) on April 28 announced that it plans to start production at a new plant in China in the first half of 2012. The plant, for which construction will soon begin, will be the third plant of Sichuan FAW Toyota Motor Company Ltd. (SFTM), a joint venture by TMC and China FAW Group Corporation (FAW).

The new plant — located in Changchun, Jilin Province and for which a groundbreaking ceremony was held in October 2008 — will initially produce the Corolla on a scale of 100,000 units annually. New investment will total approximately 3.8 billion yuan (approximately 50 billion yen).

Outline of SFTM
 

Company name Sichuan FAW Toyota Motor Company Ltd. (SFTM)
Representatives President: Haruaki Hoshino
Vice President: Liu Yigong
Date of establishment July 2005*
Capitalization 115 million U.S. dollars
Equity participation FAW: 50%; TMC: 47.1%; Toyota Tsusho Corporation: 2.9%
Plant name Chengdu Plant Changchun Plant
Location Nansan Road, Economic Development District, Chengdu Economic & Technological Development Zone, Chengdu, Sichuan Current plant New plant (to be built)
No. 5 Gate, Dongfeng Street, Changchun, Jilin Changchun Automotive Industries Development Area
Start of production December 2000 October 2003 First half, 2012
Product lineup Coaster, Land Cruiser Prado Land Cruiser Corolla
Annual Production capacity 30,000 units 10,000 units 100,000 units
Site area Approx. 450,000 m2 Approx. 75,000 m2 Approx. 980,000 m2
Number of employees Approx. 2,000 Approx. 500 TBA
*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
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