The addition is scheduled to begin production in 2014. At that time, the engine plant is donating 10 percent of global production of Toyota engines.
Additional production capacity is also related to Toyota plans to build a new car assembly plant in Thailand and the recovery of production in other assembly factories in the country that were previously hit by flooding.
Siam Toyota Manufacturing Co. (STM) is an engine production facility that produces engines for all Toyota models sold in Thailand and for export. This plant is jointly owned Toyota Motor Corp and Siam Cement Group in the stock composition of 96:4.
This new investment to meet growing demand in Asia Pacific markets.
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