Toyota plans $1.3b Indonesia expansion

Toyota plans .3b Indonesia expansionJapan’s top car maker Toyota announced on November 10 that it will be investing $1.3 billion into its vehicle production operations in Indonesia over the next five years.

Toyota is one of the latest large industrial investors to ramp up their Indonesia presence, contributing to the $75 billion of commitments in foreign direct investment the country will attract over the next few years.

Toyota’s investment is projected to create up to 9,000 new jobs, bringing the company’s workforce in Indonesia to around 41,000, Japanese media reported.

The expansion project will include the purchase of 370 acres of land near the two Toyota plants in Karawang outside Jakarta to build a new engine-assembly plant, a statement by Toyota Motor’s Indonesian unit said.

In addition to the new plant, current annual car production on the site will be increased from 110,000 vehicles to 130,000 by September 2013, reinforcing supplies of minivans, pickup trucks and sports utility vehicles.

Daihatsu Motor, part of Toyota Group, will also begin the construction of a second test track outside one of its Karawang plants by the end of this year.

The group has already invested $2.8 billion in Indonesia since operations began four decades ago.



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Japan’s top car maker Toyota announced on November 10 that it will be investing $1.3 billion into its vehicle production operations in Indonesia over the next five years. Toyota is one of the latest large industrial investors to ramp up their Indonesia presence, contributing to the $75 billion of commitments in foreign direct investment the country will attract over the next few years. Toyota’s investment is projected to create up to 9,000 new jobs, bringing the company’s workforce in Indonesia to around 41,000, Japanese media reported. The expansion project will include the purchase of 370 acres of land near the...

Toyota plans .3b Indonesia expansionJapan’s top car maker Toyota announced on November 10 that it will be investing $1.3 billion into its vehicle production operations in Indonesia over the next five years.

Toyota is one of the latest large industrial investors to ramp up their Indonesia presence, contributing to the $75 billion of commitments in foreign direct investment the country will attract over the next few years.

Toyota’s investment is projected to create up to 9,000 new jobs, bringing the company’s workforce in Indonesia to around 41,000, Japanese media reported.

The expansion project will include the purchase of 370 acres of land near the two Toyota plants in Karawang outside Jakarta to build a new engine-assembly plant, a statement by Toyota Motor’s Indonesian unit said.

In addition to the new plant, current annual car production on the site will be increased from 110,000 vehicles to 130,000 by September 2013, reinforcing supplies of minivans, pickup trucks and sports utility vehicles.

Daihatsu Motor, part of Toyota Group, will also begin the construction of a second test track outside one of its Karawang plants by the end of this year.

The group has already invested $2.8 billion in Indonesia since operations began four decades ago.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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