Toyota plans $1.3b Indonesia expansion
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 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.
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...
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 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.
