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Home | News |Toyota Boshoku forms interiors company in Laos
Toyota Boshoku forms interiors company in Laos
Updated: 2013-04-11 14:02 Source: PUWORLD share:

Toyota Boshoku Corp., a group company of Toyota Motor Corp., said Monday it has set up a company in Laos to manufacture vehicle interior components, its first production base in the country.

The new company, named Toyota Boshoku Lao Co., will begin production of vehicle seat covers and other interior components in April 2014, with an eye to supplying them to its seat production base in neighboring Thailand.

With the enhanced production system, Toyota Boshoku aims to further optimize production and distribution in Asia and Australia.

With an investment of about 500 million yen from Toyota Boshoku and another group company Toyota Tsusho Corp., the new company is set to have an annual production capacity of vehicle interior components for 200,000 cars.

The company, to be set up on a tract of an 80,000-square-meter plot in Savannakhet Province, is expected to employ about 180 people when it begins production.

 

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