
A logo of Toyota Motor Corp. at a dealer Wednesday, May 11, 2022, in Tokyo.
11:32 JST, October 13, 2022
BANGKOK (AP) — Toyota Motor Corp. has begun assembling autos in Myanmar after a more than yearlong delay following a military takeover in February 2021.
The factory in the Thilawa Special Economic Zone, outside the country’s biggest city, Yangon, is owned by Toyota and its trading arm, Toyota Tsusho.
The factory assembles Hilux pickup trucks from semi-knockdown kits and was originally due to turn out 2,500 vehicles a year, beginning in February 2021. Original plans called for an investment of $52.6 million.
In a statement, Toyota Myanmar said it began selling the Hilux double cab trucks in Myanmar as of Tuesday and has begun taking orders for the vehicle. It was unclear exactly when the factory began production.
Many foreign companies have withdrawn from Myanmar following the military’s seizure of power from the elected government of Aung San Suu Kyi.
Toyota is among more than 100 Japanese and other foreign companies with investments in Thilawa.
"News Services" POPULAR ARTICLE
-
Social Media Helps Fuel Growing ‘Sex Tourism’ in Japan
-
BREAKING NEWS: Pope Francis Has Died, The Vatican Camerlengo, Announces (UPDATE 2)
-
India Says It Attacked Pakistan, Pakistani Kashmir
-
Japan’s Nikkei Stock Average Ends Higher; NTT Data Surges on Takeover Report (UPDATE 1)
-
US Treasury Secretary Says Trade War with China Is Not ‘Sustainable’
JN ACCESS RANKING
-
Core Inflation in Japan’s Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Rice Prices Rise for 15th Straight Week, with Releases of Stockpiled Rice Slow to Circulate
-
Social Media Helps Fuel Growing ‘Sex Tourism’ in Japan
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group