|By JCN Newswire||
|September 19, 2013 12:40 AM EDT||
Tokyo, Sept 19, 2013 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces that Toyota Argentina S.A. (TASA), TMC's vehicle production and sales subsidiary in Argentina, will increase the annual production capacity of its Zarate Plant from 92,000 units to 140,000 units at the end of 2015.
TASA's production capacity is being increased in line with expected further growth in demand in Latin America, and exports are also planned to increase to approximately 110,000 units annually. Approximately 17 billion yen is to be invested in the capacity increase and the updating of existing production facilities.
TMC positions TASA as a supply base for IMV* series vehicles produced for export
throughout the Latin American market. In 2012, TASA exported 63,000
vehicles-approximately 70 percent of its total annual production-to Brazil and 14
other countries in Latin America.
TMC remains committed to activities that are regionally rooted and to contributing to the development of Argentina's automobile industry and economy.
Overview of Toyota Argentina S.A.
President: Daniel Herrero Established: May 1994 Location: Zarate, Provincia de Buenos Aires, Argentina Start of production: March 1997 Production series: Hilux, Fortuner Production capacity: 92,000 units/year Capital: 260 million pesos Equity participation: Toyota Motor Corporation: 100% Employees: Approx. 4,300 (as of April 30, 2013)*Stands for "Innovative International Multi-purpose Vehicle". The IMV series comprises the "Hilux" pickup truck, the "Innova" minivan and the "Fortuner" SUV. IMV series models are currently produced in 12 countries and regions and sold in approximately 170 countries and regions worldwide. Annual sales exceeded one million units for the first time last year.
Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of March 2012, Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com.
Toyota Motor Corporation Public Affairs Division Global Communications Department Tel: +81-3-3817-9926
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