Latest Industry Projects

Toyota to Invest $52.6 million to Construct New Plant in Myanmar

Toyota to Invest $52.6 million to Construct New Plant in Myanmar

Introduction:

Toyota Motor Corporation (Toyota) has decided to establish Toyota Myanmar Co., Ltd., (TMY) as its first vehicle production company in Myanmar where it will locally produce the Hilux from February 2021.

Features:

Toyota plans to construct the new TMY plant in the Thilawa Special Economic Zone, situated in the southern suburbs of Yangon city, the country's largest metropolis. Investment is expected to be approx. 52.6 million USD. Toyota plans to hire approx. 130 new employees, and intends to build approx. 2,500 Hilux vehicles per year using the SKD (semi knock-down) method when operations begin in 2021.

Toyota will strive to provide products and services that continue to meet the needs of customers in Myanmar, and develop human resources for manufacturing through local production, to contribute to the development of industries in Myanmar.

Specifications:

Company Name Toyoto
Location Myanmar
Type Investment
Estimated Cost $52.6 million

 

Other Projects