Toyota Motor Corporation of Japan start its first Toyota Hilux brand manufacturing plant in Thilawa SEZ after monitoring the market situation in Myanmar

Toyota Motor will start manufacturing only Toyota Hilux brand in Myanmar for the first time and it has also a plan to produce other auto brands only after monitoring the market situation, said Mr. Yoshihisa Tonozuka, Managing Director of Toyota Myanmar Co., Ltd.

The construction of an auto plant has begun now and it is expected to commission into service in 2020 August. The operations will be able to start at that time. Toyota Hilux pick-up trucks are expected to be manufactured in 2021 February. 2,500 Hilux units will be manufactured every year. We will think of production of other auto brands only when we wait and monitor the market situation, said Mr. Yoshihisa Tonozuka, Managing Director of Toyota Myanmar Co., Ltd.

Toyota Motor Corporation of Japan held the groundbreaking ceremony of the construction of new auto plant of TMY in Thilawa SEZ-B on November 1.

Toyota Motor Corporation of Japan formed Toyota Myanmar Co., Ltd TMY, the first-ever auto manufacturer in Myanmar.

“Through local production, we'll supply high-quality vehicles in a timely manner. Toyota would like Myanma economy and society to develop at the same time. I thank Myanmar government and all those who are rendering assistance in the construction of Toyota auto assembly plant,” said Mr. Susumu Matsuda.

TMY will be built in Thalawa SEZ-B and its foreign investments are US$ 52.6 million. It will be operated with a labour strength of 130. It will start producing autos in 2021. It aims at manufacturing 2,500 Toyota Hilux unit by semi knock down (SKD) every year.

Translated and Edited by Win Htut

(Eleven Media Group: https://elevenmyanmar.com/news/toyota-motor-to-start-manufacturing-only-toyota-hilux-brand-in-myanmar )

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