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News of June 19, 2002

Toyota Boosts Production Capacity for Corolla in Brazil

Toyota do Brasil Now Able to Build 57,000 Units a Year

2003 Toyota Corolla S

Photo: Toyota

Tokyo - Toyota Motor Corporation (TMC) announced that it recently completed a major expansion at the Indaiatuba Plant of Toyota do Brasil Ltda. (TDB), its manufacturing subsidiary in Brazil. The plant, which has been building Corollas in the state of São Paulo since 1998, now has an annual production capacity of 57,000 units, up from 15,000. It started rolling out units of the ninth generation Corolla at the end of May.

The expansion at Indaiatuba, TDB's second plant after one in the city of São Bernardo, represents a new investment by TMC in Brazil of roughly US$300 million. With an aim to increase local content of the new Corolla to more than 70% (from about 60% for the previous model), the project entailed enlarging the plant's floor space from 29,000 square meters to 69,000 square meters to include a new stamping shop and other facilities. The plant intends to adopt a two-shift system, potentially creating 1,000 new jobs.

At an on-site gathering to introduce the new Corolla on June 13, TMC Vice Chairman Kosuke Ikebuchi expressed Toyota's expectations for the car. "This new-model Corolla is a world car in which Toyota takes pride the world over. We are confident that people in Central and South America will also be pleased with it." The event was attended by about 1,000 people, including Brazilian President Fernando Cardoso and other government officials, TDB President Hiroyuki Okabe and representatives of related suppliers and dealers.

The Indaiatuba-made new Corolla will be sold in Brazil and exported to more than 20 countries, including Argentina and Uruguay, helping to establish TDB as a Toyota export base for Latin America.

(June 14, 2002)

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