18 October 2012

Toyota subsidiary in Thailand to expand diesel engine production capacity

- Investment of 40 billion yen to create around 450 new jobs

Toyota City, Japan - 18 October 2012 - Toyota Motor Corporation (TMC) announces that its engine production subsidiary in Thailand, Siam Toyota Manufacturing Co., Ltd. (STM), will from 2015, expand the production capacity of diesel engines used in Innovative International Multi-purpose Vehicle Project (IMV) series vehicles to meet increasing demand in emerging markets.

Diesel engine annual production capacity will be expanded by approximately 290,000 units to approximately 610,000 units a year and will see an investment of 40 billion yen and the creation of approximately 450 new jobs.

With Thailand as a global supply base, diesel engines made at STM will continue to supply vehicle plants in Thailand. Exports to emerging markets are also being considered.

TMC, under its philosophy of making vehicles where they are sold, seeks to source major component supply alongside vehicle production, thereby increasing and promoting local production. 

Source: Toyota