Toyota to set up one more factory in Japan

Toyota to set up one more factory in Japan

Japanese automaker Toyota is now expected to build one more factory in Japan to enhance their production facilities.

This new plant is expected to cost them up to 80 billion yen. It is likely to have an initial annual production capacity of 100,000 vehicles.

It is expected to start production by 2010. Another market report claimed that the investment required on this plant would touch about 100 billion yen.

Interestingly, this would be Toyota’s first new domestic assembly plant since 1992. Toyota has not officially confirmed these reports but said in a statement that they are always looking to improve its production capabilities but that it had no specific plan to build another assembly factory on its home turf.