May 25, 2016 – UMW Toyota Motor today said it is investing 2 billion ringgit (US$487.8 million) to set up its second manufacturing facility in Malaysia.
Ready in early 2019, the new plant will produce passenger cars, including energy efficient vehicles (EEVs), for the Malaysian market, it added.
Speaking at the company’s new plant in Klang Valley, Managing Director of Toyota Motor Tatsuro Takami said the plant will be among the most advanced for the Japanese carmaker. The plant will have an initial capacity of 50,000 units and construction will begin in the second half of this year.
“We want to concentrate on delivering high quality cars only to (the) Malaysian market,” he said.
With a tagline “simple, slim and flexible”, the new plant is expected to boost the competitiveness of Toyota cars to meet changing market demands for smaller and fuel-efficient cars, said Akio Takeyama, deputy chairman of UMW Toyota Motor.
“The investment is not to increase production capacity but also to increase Toyota’s competitiveness amid shifting direction from volume-oriented to competitive production to ensure sustainable growth.”
UMW Group Chairman Asmat Kalamudin said the new plant also signifies the strong relationship between Toyota and his company, which established the joint venture in 1982.