Toyota plans production base in Laos
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Toyota will establish a production base in the Savan-Seno Special Economic Zone (Zone C) in Savannakhet province to manufacture vehicle-interior components for export.
The company will invest US$5.6 million (Bt162.6 million) to build the factory on a site of about 80,000 square metres. The plant will be able to churn out 200,000 units per year.
When production starts, about 180 people will work at the new facility, providing job opportunities for local people.
The affiliate company will be known as Toyota Boshoku Lao, part of the Toyota Boshoku group. This is the first time the group has set up a production base in Laos.
The company will serve as a satellite complementing the group’s production base in Thailand. It will start producing interior components such as vehicle seat covers in April 2014, and supply them to seat-manufacturing plants in Thailand.
By setting up a base in Laos, Toyota Boshoku is seeking to further optimise production and distribution in the Asia and Oceania region, which is a crucial market.
