Toyota Investing 6,000 Million Baht

To Increase Engine Production at STM To Support Auto Market Growth in Asia Toyota Motor Corporation, Japan announced 6,000 Million Baht investment to increase the production capacity of Toyota Corolla ZR benzene engines with an additional output of 100,000 engines annually, creating around 200 new additional jobs at Siam Toyota Manufacturing Co., Ltd (STM). The expansion will include increasing the capacity for the casting of aluminum materials. The expansion programme is projected to be completed in 2014. Siam Toyota Manufacturing Co., Ltd (STM) is the main Toyota engine manufacturing facility for the complete lineup of Toyota vehicles available in Thailand as well as for export markets. Since the foundation of STM, the plant manufactured high production volume of diesel engines to meet demand for commercial vehicles. Currently, due to the growing demand for passenger cars in Asia-Pacific, Toyota will invest 6,000 Million Baht to increase the production capacity of additional 100,000 Toyota Corolla ZR benzene engines. As a result, STM will have an annual production capacity of 840,000 engines, or about 10% of the global Toyota production. The investment will also include will installation of additional manufacturing lines for the casting of aluminum materials at STM which are important parts for the Toyota Corolla engine. Totally, the investment will help enhance the competitiveness of Thailand’s automotive production and promote the use of locally manufactured auto parts. Furthermore, Toyota will employ about 200 additional people. In addition, Toyota ZR benzene engines will be exported to Toyota affiliates in Asia-Pacific such as Vietnam, Taiwan, resulting in the minimum income contributed to Thailand at 3,000 Million Baht annually. Siam Toyota Manufacturing Co., Ltd. will increase Toyota ZR benzene engine production capacity in 2014 Siam Toyota Manufacturing Co., Ltd. profile Company name Siam Toyota Manufacturing Co., Ltd. (STM) Location Amata-Nakorn Industrial Estate, Cholburi province (Far away from Bangkok about 80 km.) President Mr.Shigeru Murai No. of employees Approximate 3,000 people (as of February 2012) Establishment 6thJuly, 1987 Capital 850million baht (the initial registered capital) Shareholder Toyota Motor Corporation, Japan 96% The Siam Cement Public Co., Ltd. 4% Scope of operations - Mainly produce the engine for Toyota Motor Thailand and parts of engine for Toyota affiliates Products information of Siam Toyota Manufacturing Co., Ltd. Type of engine Engine model Vehicle model Diesel engine KD Hilux Vigo, Fortuner, Innova, Hiace Gasoline engine TR Hilux Vigo, Fortuner AZ Camry ZR Corolla Altis ZZ Corolla Altis CNG NZ Yaris,Vios -NT- Click for photo release at www.thaipr.net

• ข่าวToyota Motor Corporation
• ข่าวauto
• ข่าวo:eco
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