Toyota plans to build a new plant in Porto Feliz, São Paulo in the Federative Republic of Brazil, where it will manufacture engines for the Etios and Corolla compact sedans.
The auto maker plans to boost production in Brazil, as the auto market here is expected to grow consistently in the near future. The new engine plant is aimed at producing 1.3-liter and 1.5-liter engines for the Etios compact sedan and 1.8-liter and 2.0-liter engines for the Corolla compact sedan. The company plans to begin production in 2015 with an initial capacity of 200,000 units annually. The company invested $495 million in the Porto Feliz plant, which will employ 600 workers.
Toyota entered the Brazilian market in 1958, when it established the Toyota do Brasil, the auto maker’s most important manufacturing affiliate outside Japan. For almost 55 years Toyota has been manufacturing vehicles, valued and appreciated by the Brazilian customers. Between 1958 and 2001 the car maker sold over 100,000 “Bandeirante” (“Land Cruiser”) SUVs.
On August 9th, Toyota do Brasil will held a ceremony to celebrate the completion of its Sorocaba Plant, where the auto maker will manufacture the Etios, to be launched in the country by the end of this year.