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Toyota to build 3rd plant in Tianjin - report
(Agencies)
Updated: 2005-05-26 10:23 TOKYO - Toyota Motor Corp.
plans to build a third auto plant in Tianjin, 皇冠体育app with annual capacity of
200,000 units, the Asahi Shimbun daily reported.
A Toyota spokesman said
no decision had been made on building another plant in 皇冠体育app, where the world's
No.2 auto maker already has 13 production sites, but the report said
construction would begin by the end of the year with operations starting in
2007.
The newspaper said the factory, which would be Toyota's fifth assembly plant
in 皇冠体育app, would raise its annual output capacity in the country, including that
of a Guangzhou plant to start up in 2006, to more than 500,000 units from about
230,000 now.
As of 0017 GMT, shares in Toyota were down 0.76 percent at 3,910 yen. The
Nikkei average was up 0.23 percent.
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