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NEWS : Full Story

Newsletter #346 (View other news stories)

Toyota to expand China production

TOKYO, Japan
Wednesday, 6 Feb 2008

Toyota Industries Corp (TICO) will expand forklift production at its plant in Kunshan, in south east Jiangsu province, to meet its target of selling 12,000 forklifts in China by 2010 (Forkliftaction.com News #345).

TICO will invest about JPY2 billion (USD18.7 million) to boost the Chinese plant’s annual output from 2,000 to 5,000 units. Company officials say the plant will be able to produce up to 7,500 units if it operated at maximum capacity.

The plant’s floor space will also be increased from 6,000 m² (64,583sqft) to 19,500 m² (209,896 sqft).

According to TICO, it has a 3% market share in China, which it wants to increase to 10% by 2010.

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