Toyota 2006 Annual Report Download - page 41

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39
current focus is on expediting mea-
sures to bed down the IMV pro-
ject’s operational platform while
further clarifying the distinctive
identities of IMV lineups as globally
strategic vehicles.
China Strategy
Secure growth opportunities in the
market while monitoring demand trends
In China, Toyota will continue invest-
ing to grow production capacity and
add to product lineups while closely
monitoring market trends. At the
same time, we aim to heighten
earnings by steadily increasing our
competitiveness in the thriving local
market, expanding our sales net-
work, and increasing purchasing
from local component suppliers.
In May 2006, production of the
Camry began at Guangzhou Toyota
Motor Co., Ltd. Also, Tianjin FAW
Toyota Motor Co., Ltd., has slated
mid-2007 to launch annual produc-
tion of 200,000 vehicles at a third
plant currently under construction.
Line-off ceremony for the AZ engines at
Guangqi Toyota Engine Co., Ltd.
Line-off ceremony for the Prius at
Sichuan FAW Toyota Motor Co., Ltd.
Exhibiting the new-model REIZ
REIZ VIOS Fortuner, IMV Series
Raise Production Capacity in China to 643 Thousand by 2007
Tianjin
2002 October~ VIOS
2004 February~ Corolla
2005 March~ Crown
October~ REIZ
mid-2007 new plant
Changchun
2003 October~ Land Cruiser
2005 December~ Prius
Sichuan
2000 December~ Coaster
2003 September~ Land Cruiser Prado
Guangzhou
2006 May~ Camry
Inauguration of Plant in Thailand
In December 2005, Toyota’s vehicle production and sales company in Thailand, Toyota Motor
Thailand Co., Ltd. (TMT), held a cornerstone-laying ceremony for its third plant, in
Chachoengsao Province. Earmarked to play a major role in the expansion of the IMV project,
the plant will commence production of the Hilux pickup truck in early 2007. Plans call for
annual production capacity of 100,000 vehicles, investment of about ¥41 billion, and the
creation of roughly 2,000 jobs.