The Japanese automaker said its new engine manufacturing facility in Brazil was now fully operational, nearly 4 years after it announced the investment.
Toyota committed in 2012 to build its first engine plant in Brazil, as it planned to boost local production on the grounds that the regional market was expected to consistently grow. And it did, but the country has recently entered into a serious economic crisis and the automotive industry has been deeply affected. Nevertheless, Toyota officially opened this week the new facility built on a plot of land that covers an area of 872,500 m2 in the city of Porto Feliz, following an investment of around 170 million dollars.
With a capacity to produce up to 108,000 units annually, the factory builds 1.3-litre and 1.5-litre four-cylinder engines that comes with Dual VVT-I and Flex Fuel ((in which ethanol is mixed in to the gasoline), power units specifically designed to fit in the newly updated Etios compact sedan and hatchback versions. This model is also built in Brazil, at Toyota’s Sorocaba plant, aimed specifically for the Latin American and Caribbean markets.
“Toyota remains committed to the growth of the Latin America region. We feel strongly about doing our part to help stimulate the region’s economy,” Steve St. Angelo, Toyota’s CEO for the region, said. Toyota production in Brazil dates back to 1959 with a Complete Knock Down facility, company’s first manufacturing affiliate outside of Japan.