Toyota Motor To Set Up Plant In Indonesia
Toyota Motor Corp. will invest almost $387 million in Indonesia.
Toyota Motor Corp. will invest almost $387 million in Indonesia, Bloomberg reports, citing Nikkei. The Asian car maker will set up a new factory to meet the rising demand for mini cars in the Southeast Asian country. The new plant will be unveiled in 2013. The factory will be built in Karawang, where Toyota already operates one factory. The move is aimed at expansion in Indonesia. In May, the firm had announced plans to invest $214.62 million to boost output capacity at the plant.
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