Toyota to build new plant in Brazil

RP news wires

Toyota Motor Corporation (TMC) announced JUly 16 that it is to build a plant in Sorocaba, São Paulo, Brazil for Toyota do Brasil Ltda. (TDB), TMC's Brazilian sales and manufacturing company.

TMC purchased land for the plant — to be TBD's third — in July 2008. TMC has decided to start construction in September 2010, with production of a newly developed compact car to begin in the second-half of 2012. Initially, approximately 70,000 vehicles will be produced annually at the plant, which will be constructed at a cost of approximately US$600 million and employ approximately 1,500 people. Plans include production for export.

TFB was established in 1958 as TMC's first overseas production base. Currently, the company produces parts at its São Bernardo Plant and the "Corolla" at its Indaiatuba Plant.

In pursuing sustainable growth, TMC intends to expand local production in line with market growth in Brazil and other emerging markets. Based on its principle of contributing to local society through the manufacturing of automobiles, TMC aims to continue contributing to Brazil's automotive industry and to offer Brazilian consumers attractive products that meet their needs.

TDB Plants Outline

  New Plant São Bernardo Plant Indaiatuba Plant
Location Sorocaba, São Paulo São Bernardo do
Campo, São Paulo
Indaiatuba, São Paulo
Start of production Mid-2012 November 1962 August 1998
Product lineup Newly developed
compact vehicle
Parts for Corolla and
Annual production
70,000 vehicles - 70,000 vehicles
Site area Approx. 3,700,000 m2 Approx. 190,000 m2 Approx. 1,780,000 m2
Number of employees Approx. 1,500 1,200 2,000

TDB Company Outline

Company name Toyota do Brasil Ltda. (TDB)
Location São Bernardo do Campo, São Paulo, Brazil
Established January 1958
President Shozo Hasebe
Capitalization R$709,980,000
Equity participation TMC: 100%
Number of employees Approx. 3,300 (as of June 2010)
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