Toyota to expand in M'sia with RM2b plant
Published on: Thursday, May 26, 2016
Kuala Lumpur: Japanese automaker Toyota Motor Corp. said Wednesday that it will build a second factory in Malaysia as part of expansion to meet rising local demand.The new 2 billion ringgit ($488 million) plant will be built by Toyota and its local partner, UMW Corp. Toyota said that the plant, to be built in the central state of Selangor, will have an initial capacity of around 50,000 units a year.The plant is expected to begin operations in early 2019 and will help double Toyota's production volume in Malaysia to around 100,000 units a year, said Akio Takeyama, deputy chairman of UMW Toyota Motor.
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He said the new plant will focus on manufacturing passenger cars, including energy-efficient vehicles, while its current factory will churn out commercial vehicles.Stay up-to-date by following Daily Express’s Telegram channel.
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