Toyota to Begin 2.7-liter ‘Land Cruiser Prado’ Production in China – Oct 22, 2013– Chengdu, China (Techreleased) – Toyota Motor Corporation (TMC) announces that Sichuan FAW Toyota Motor Co., Ltd. (SFTM), a vehicle production joint venture between TMC and the China FAW Group Corporation (FAW), will begin producing the 2.7-liter “Land Cruiser Prado” SUV at its Chengdu Plant in March 2015, augmenting the plant’s current production of the 4.0-liter version. The annual production capacity of SFTM’s Chengdu Plant will be increased from 30,000 units to 50,000 units. Plans call for approximately five billion yen to be invested in the plant, and for the hiring of approximately 500 new employees.
At the groundbreaking ceremony held here today, SFTM President Akio Kato said: “Toyota has always been able to rely on the SFTM Chengdu Plant, our first automobile production site in China, as a key base for our business here. Going forward, we will continue to build cars that meet the needs of Chinese consumers.”
Overview of Sichuan FAW Toyota Motor Co., Ltd. (SFTM)
| Representatives | President: Akio Kato | ||
| Vice President: Tian Ying Chun | |||
| Establishment | November 1998 | ||
| Capital | 349 million U.S. dollars | ||
| Equity participation | China FAW Group Corporation: 50%; Toyota Motor Corporation: 50% | ||
| Plant | Chengdu Plant | Changchun Plant | |
| East Plant | West Plant | ||
| Location | Nansan Road, Economic Development District, Chengdu Economic & Technological Development Zone, Chengdu, Sichuan | No. 5 Gate, Dongfeng Street, Changchun, Jilin | Fengyue Road, Changchun Economic and Technology Development Zone, Changchun, Jilin |
| Start of production | December 2000 | October 2003 | May 2012 |
| Production series | Coaster, Land Cruiser Prado | Land Cruiser, Prius | RAV4 |
| Production capacity | 30,000 units/year (50,000 units/year in 2015) |
10,000 units/year | 100,000 units/year |
| Site area | Approx. 450,000 m2 | Approx. 75,000 m2 | Approx. 970,000 m2 |
| Employees | Approx. 2,200 (2,700 in 2015) |
Approx. 4,800 | |
Note: In addition to SFTM, TMC’s vehicle production affiliates in China include Tianjin FAW Toyota Motor Co., Ltd. (TFTM) and GAC Toyota Motor Co., Ltd. (GTMC).
