Yaris Production Scheduled to Start in China in Mid-2008.
In line with its planned production of the Yaris, GTMC is set to increase its capital by 49 million U.S. dollars (approx. 5.7 billion yen).
Market needs in China are diversifying as the "motorization" of the country continues, and, thus, calls for more-fuel-efficient, economical compact vehicles are on the rise. The decision to produce and market the Yaris in China is an effort to meet these customer needs.
As a world-class production plant, GTMC not only features the latest advanced equipment for helping to maintain strict quality standards throughout all of its vehicle-production processes, it is also making considerable efforts to keep noise to a minimum, appropriately treat wastewater, recycle waste materials and use environmentally considerate materials under its corporate policy to be a "pioneer in environmental preservation and a good corporate citizen in China". GTMC has also been actively training personnel at its engineering training center, which was established in January 2005.
Meanwhile, the GTMC-produced Camry is set to exceed its initial sales plan of 50,000 units by the end of the year by approximately 5,000 units.
Outline of GTMC
Company name Guangzhou Toyota Motor Co., Ltd. (GTMC) Location Guangzhou Nansha Economic and Technological Development Zone, Guangdong, PRC Representatives President: Toru Kuzuhara Executive vice president: Yuan Zhongrong Establishment September 1, 2004 Duration of joint venture 30 years Capitalization 1.3 billion yuan RMB (approx. 17.3 billion yen) Equity participation Guangzhou Automobile: 50%; TMC: 30.5%; Toyota Motor China Investment (TMCI): 19.5% Employees Approx. 3,500 Land area 1,900,000m2 Product lineup Camry Production capacity 200,000 units/year (from October 2006) Start of production May 2006
About Toyota Motor Corporation
Toyota Motor Corporation (TSE: 7203; NYSE: TM), established in 1937, is one of the world's representative automobile manufacturers, producing vehicles in 26 countries and regions and marketing vehicles in more than 170 countries and regions. In fiscal 2006, Toyota provided nearly eight million vehicles on a consolidated basis to customers around the world under the Toyota, Lexus, Daihatsu and Hino brands. Toyota had more than 280,000 employees at the end of fiscal 2006. The company is headquartered in Aichi, Japan. For more information, please visit www.toyota.co.jp/en/index.html.
Source: Toyota Motor Corporation
Corporate Communications Department Public Affairs Division Toyota Motor Corporation Tel: +81-3-3817-9150 URL: www.toyota.co.jp/en/
Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
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|Date:||Dec 28, 2006|
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