Thai Floods: Toyota to return to normal output in Thailand from Mid-Jan image

Toyota Motor Corp., said it expects to return to normal level of production in Thailand from Mid-Jan 2012, after resolving the supply chain disruptions that have so far dented its output by 150,000 units.

“For parts that we need to import, we have to use air transport, but cargo capacity cannot cope with that. Meanwhile, though local suppliers have resumed operations, they haven’t yet fully recovered, and this leads to uneven supplies,” vice chairman Ninnart Chaithirapinyo said on the sidelines of a conference on the BOI Fair yesterday.

The Japanese automaker said that the damages during the Thai floods were three times larger than those during the tsunami. All- three assembly plants have halted production for almost a month and a half from Oct 10, losing 150,000 units.

Even so, Toyota has maintained full pay for all employees. They were paid one month of bonus in advance. Affected employees also won Bt10,000 aid, aside from zero-rate loans upto Bt50,000 for house repair.

The company says it will bounce back in 2012 after global sales were battered by the dual impact of Thai floods and the Japanese earthquake.

With estimated sales this year of 7.90 million vehicles for the group, which includes units Daihatsu Motor and Hino Motors, Toyota will likely rank third behind General Motors and German group Volkswagen.