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Toyota Motor Corp. plans to build a third auto
plant in Tianjin, China with annual capacity of 200,000 units, the Asahi
Shimbun daily reported.
A Toyota spokesman said no decision had been made on building another
plant in China, where the world's No.2 auto maker already has 13
production sites, but the report said construction would begin by the end
of the year with operations starting in 2007.
The newspaper said the factory, which would be
Toyota's fifth assembly plant in China, would raise its annual output
capacity in the country, including that of a Guangzhou plant to start up
in 2006, to more than
500,000 units from about 230,000 now.
As of 0017 GMT, shares in
Toyota were down 0.76 percent at 3,910 yen. The Nikkei
average was up 0.23 percent.
(Agencies) |
Updated: 2005-05-26 11:57
