Toyota opens new China Plant in 2011

Posted on Monday, 26 April 2010 , 07:04:38 byAlina

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Toyota opens new China Plant in 2011

Toyota plans to begin production at a new plant as early as 2011. Toyota sales in the world's largest market may exceed the 800,000-unit target for 2010, according to Masahiro Kato, president of Toyota's China business.

The new plant, located in Changchun, Jilin province, will start production in late 2011 or early 2012 and have a yearly production capacity of 100,000 vehicles.

The Japanese automaker wants to expand its production capacities in China, after sales growth was slower than other rivals last year. The Changchun plant will be operated with joint-venture partner China FAW Group Corp.

Toyota executives expects sales to rise 13 percent this year to reach 800,000 units and plans to increase capacity at a joint-venture plant with FAW in Chengdu to 30,000 units from 13,000 units by June. The plant builds the Coaster and Land Cruiser Prado models.

Toyota currently has total production capacity of about 803,000 units in China.