|
|
Article: Toyota to Acquire Land for New Plant in Brazil.
- Article from:
- JCN Newswires
- Article date:
- July 16, 2008
CopyrightCOPYRIGHT 2008 Japan Corporate News Network K.K. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Tokyo, July 16, 2008 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its decision to acquire land in the city of Sorocaba, in the Brazilian state of Sao Paulo, as the site for a new plant for Toyota do Brasil Ltda. (TDB), TMC's Brazil-based sales and manufacturing company.
Concrete plans are being studied with a mind to opening a new compact vehicle plant in 2011 or after on the 3.7-million-square-meter plot. The plant would have a starting annual production capacity of approximately 150,000 vehicles and create jobs for approximately 2,500 people.
TDB - established in 1958 as TMC's first overseas production base and celebrating its 50th ...