Toyota to expand China production

News Story
- 7 Feb 2008 ( #346 ) - TOKYO, Japan
1 min read
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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This week Forkliftaction News is celebrating its 25th anniversary! A wonderful achievement given we launched at a time when just 6% of the world’s population were internet users, according to Internet World Stats . Over the coming weeks, we will be sharing stories about our history and rolling out more celebrations, so keep an eye out... Continue reading

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Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

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