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Toyota plans 1.5 bln yuan expansion at Tianjin plant
BEIJING, May 15 -- Toyota plans to invest 1.5 billion yuan to boost production capacity at a facility in northern China by 50 percent to 150,000 vehicles a year. The expansion at the plant in Tianjin Municipality is due to be completed by the end of 2009.
The move would boost annual capacity of FAW Toyota, its venture with China's FAW Group, to 470,000 units, and Toyota's overall capacity in China to roughly 690,000 units.
chinajob This entry was posted on May 15th, 2008 at 09:48:29 am by ChinaJob and is filed under News of China, Investing in China.