Toyota ups engine capacity in Thailand
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Toyota Motor Corp on Thursday announced the 40 billion-yen investment (approximately Bt16 billion) to expand its diesel engine manufacturing capacity in Thailand.
The expansion by Siam Toyota Manufacturing Co Ltd is scheduled for completion on 2015, which would help the company cope better with rising demand for vehicles under the "Innovative International Multi-Purpose Vehicle Project: IMV" in emerging markets.
In a statement released today, the Japanese biggest automaker said that the investment would increase the diesel engine capacity by 290,000 units per year. This will raise its total annual capacity to 610,000 units.
The investment would require Siam Toyota Manufacturing, based in Chon Buri, to hire 450 more workers.
In February, Toyota invested Bt6 billion to increase the production capacity of gasoline engine by 100,000 units per year. This project is scheduled for completion in 2014.
