Toyota Ends Expansion Freeze
Toyota Motor Corp. has decided to begin building plants again after a 3-year hiatus. With plans of spending approximately USD$1.25 billion, the new Toyota factories will be constructed in Guanajuato, Mexico and Guangzhou, China. With a final decision to be made by the end of this month, the plants have an estimated operational date in 2018 or 2019 and will increase the production capacity of Toyota by several hundred thousands of vehicles. The new production will stand as the end of a period of caution in which Toyota President Akio Toyoda called for an overhaul of manufacturing lines. With this expansion being the first major investment since its new Thailand plant in 2012, Toyota has developed innovative manufacturing equipment and engineering technology for increased factory efficiency. This technology can be used to decrease the size of new plants, provide greater efficiency, and can decrease initial plant investment by 40 percent compared to those built before 2008.
The locations of the new factories are strategically planned as Mexico has become an automobile manufacturing hub exporting cars to the United States, while China is now the world’s largest market for automobiles. Additionally, the factories will increase the pressure put onto the company’s rivals such as General Motors Co. and Volkswagen AG who are struggling to sell more cars than they produce. Toyota Motor Corporation is a Japanese automotive manufacturer that is headquartered in Toyota, Aichi, Japan. With over 300,000 employees worldwide and over $22 trillion yen in yearly revenue, the company stands as the twelfth-largest company in the world by revenue.
Since 1934, Toyota Motor Corporation has produced approximately 200 million vehicles through their brands Toyota, Hino, Lexus, Ranz, and Scion. In addition to these brands, Toyota also holds a 51.2% stake in Daihatsu, a 16.66% stake in Fuji Heavy Industries, a 5.9% stake in Isuzu, and a 0.27% stake in Tesla. Via our proprietary website Just NSN Parts, ASAP Semiconductor is a leading supplier of Toyota products. Prospective customers can browse our inclusive inventory of hard-to-find obsolete and current Toyota parts at www.justnsnparts.com. If you are interested in a part, please feel free to contact our knowledgeable sales staff at firstname.lastname@example.org or 1-714-705-4780 for a quote.
Posted on April 12, 2015