Toyota to pump $615m into new Malaysia car factory
TOYOTA Motor said yesterday it will invest about 49 billion yen (S$615 million) to build a new, 50,000-cars-a-year factory in Malaysia to meet growing demand in the South-east Asian country.
The construction would be part of a reorganisation of its Malaysian operations, under which the existing factory would stop building passenger cars and focus on commercial vehicles, Toyota said.
The new plant, to be located in Klang in Selangor, will begin operations in early 2019.
It will employ new production technologies such as compact painting booths that are also set to be introduced at Toyota's other new plants, including in Mexico and China, it added.