New Toyota Plant in Thailand
♫ Monday, April 6th, 2009Executives at Toyota Motor’s new plant in a Bangkok suburb point out that the factory in Thailand is the first to run on clean natural gas.
The factory is equipped with robots and parts movers moving silently on the assembly floors. Toyota’s $426 million facility shows that despite the political unrest in Thailand it has not affected global carmakers’ positive views of the country.
Thailand is renowned worldwide when it comes to the production of one-ton trucks, with projected outputs of 853,000 units for this year alone. The said figure outpaced United States which according to J.D. Power Automotive Forecasting produces only 588,000 units of trucks.
Thailand is the second biggest market for trucks since it’s a common sight in rural areas where most farm products are produced. The domestic sales for this year are forecast at 510,000 units as compared to the 651,000 units forecast in the United States.
Aside from Toyota, Ford Motor Co, General Motors Corp, Nissan Motor Co Ltd, Mitsubishi Motors Corp, Isuzu Motors Ltd, and Mazda Motor Corp. have also opened factories in Thailand for their export vehicles and mostly have started building their plants after Asia’s 1997/98 economic crisis. Each of them has invested 140,000-180,000 trucks a year, exporting them to 100 countries from Australia and the Middle East to Europe and even reaching Latin America.
In recent years the Thai government has offered proposals that include generous incentives for global carmakers just to encourage them to invest in export-oriented facilities for small economy sedans. The Thai government aims to further develop its auto industry which is its second-biggest industry after computers and electronics, employing about 350,000 people and accounting for nearly 15 percent of gross domestic product.
