Toyota Motor Corporation (TMC) announced JUly 16 that it is to build a plant in Sorocaba, São Paulo, Brazil for Toyota do Brasil Ltda. (TDB), TMC's Brazilian sales and manufacturing company.
TMC purchased land for the plant — to be TBD's third — in July 2008. TMC has decided to start construction in September 2010, with production of a newly developed compact car to begin in the second-half of 2012. Initially, approximately 70,000 vehicles will be produced annually at the plant, which will be constructed at a cost of approximately US$600 million and employ approximately 1,500 people. Plans include production for export.
TFB was established in 1958 as TMC's first overseas production base. Currently, the company produces parts at its São Bernardo Plant and the "Corolla" at its Indaiatuba Plant.
In pursuing sustainable growth, TMC intends to expand local production in line with market growth in Brazil and other emerging markets. Based on its principle of contributing to local society through the manufacturing of automobiles, TMC aims to continue contributing to Brazil's automotive industry and to offer Brazilian consumers attractive products that meet their needs.
TDB Plants Outline
| New Plant | São Bernardo Plant | Indaiatuba Plant | |
| Location | Sorocaba, São Paulo |
São Bernardo do Campo, São Paulo |
Indaiatuba, São Paulo |
| Start of production | Mid-2012 | November 1962 | August 1998 |
| Product lineup |
Newly developed compact vehicle |
Parts for Corolla and Hilux |
Corolla |
|
Annual production capacity |
70,000 vehicles | - | 70,000 vehicles |
| Site area | Approx. 3,700,000 m2 | Approx. 190,000 m2 | Approx. 1,780,000 m2 |
| Number of employees | Approx. 1,500 | 1,200 | 2,000 |
TDB Company Outline
| Company name | Toyota do Brasil Ltda. (TDB) |
| Location | São Bernardo do Campo, São Paulo, Brazil |
| Established | January 1958 |
| President | Shozo Hasebe |
| Capitalization | R$709,980,000 |
| Equity participation | TMC: 100% |
| Number of employees | Approx. 3,300 (as of June 2010) |
