Automobile concern Toyota under the terms of the special investment contract (SPIC) will invest RUB 20 billion for 10 years in the development of a plant in St. Petersburg, reported the City Government press service after the visit of acting Governor Alexander Beglov to the Toyota Motor plant.
The St. Petersburg administration and Toyota have signed a special investment contract (SPIC), according to which the automaker should invest RUB 20 billion in the development of its St. Petersburg plant. The fact that Toyota received the SPIC was announced at a meeting of the St. Petersburg government by Vice Governor Yevgeny Elin.
As it became known to Kommersant, Toyota submitted an application to the Ministry of Industry and Trade of Russia for the conclusion of a special investment contract. As part of the contract, the company intends to upgrade the existing St. Petersburg automobile plant of the brand.
A plant for manufacture of small and medium-sized trucks will be launched in Khimki, Moscow Region. The Japanese Hino Motors Ltd. intends to invest in its construction.
Toyota Motor invested over RUB 21 bln in development of its plant in Saint Petersburg, Johan van Zyl, President and Executive Director of Toyota Motor Europe, told at the official presentation of RAV4 model. According to him, Russia is a country with great potential that’s why it plays an important role in the strategy of the company. “We are sure that the Russian economy will overcome the crisis,” Zyl said.
Toyota's Saint Petersburg plant started producing its second model – crossover RAV4 on Monday, according to Toyota's office in Russia. Investments into the project to increase production capacity of the plant and launch RAV4 were RUB 9.7 bn, according to the company’s statement. Toyota RAV4 motorcars are to be delivered to Russian, Kazakhstani and Belarusian markets.
Toyota in St. Petersburg plans to start manufacturing RAV4 in August 2016. Investment in the capacity expansion and preparations for RAV4 launch has reached RUB 7.1 billion.
Japan’s Atsumitec Toyota Tsusho Rus (a Toyota subsidiary) has launched the test production of a gearshift drive mechanism in the Togliatti Special Economic Zone, the SEZ said in a press release.
“The AvtoVAZ-Renault-Nissan alliance will be the primary consumer of the products”, the press release notes.
Products will also be supplied to the United Automobile Group (UAG, controlled by AvtoVAZ) in Izhevsk and to the GAZ Group’s plant in Nizhny Novgorod. Toyota automotive components are installed on such Lada vehicles as the Granta, Priora, Kalina, Vesta as well as the Datsun and Gazelle Next.
Other automotive plants located in Russia are also being viewed as potential consumers of Atsumitec Toyota Tsusho Rus products, the press release says.
Employees at the Toyota plant in St. Petersburg will take a collective vacation from November 2 to November 15 to complete the upgrading of the plant’s production lines, a company spokesperson said. This upgrading is necessary to increase the plant’s production capacity from 50,000 to 100,000 vehicles annually by late 2015 and to prepare the RAV4 assembly line by 2016, she added.
The plant currently assembles Toyota Camry sedans. In 2016, it will begin production of the RAV4, adding 800 new jobs, as Yoshinori Matsunaga, St. Petersburg Director at Toyota Motor Manufacturing Russia, reported earlier. He said that investment in the project would total RUB 5.9 billion.
In the first six months of 2015, the Toyota plant produced 17,845 vehicles, down 7 percent from the same period last year. Of these, 1,029 were supplied to Kazakhstan and 139 to Belarus, the company said.
Automaker Toyota has confirmed plans to expand the staff at its factory in St. Petersburg by 800 workers in 2016, Toyota Motor Manufacturing Russia’s General Director Yoshinori Matsunaga told journalists today. That means 2,650 people will be employed at the plant in time to start assembling the RAV4 crossover.
“There are currently 1,850 people working at the plant, and we will open another 800 jobs in 2016,” Matsunaga said.
The St. Petersburg plant’s design production capacity will increase from 50,000 to 100,000 vehicles a year by the end of 2015. A total of 5.9 billion rubles will be invested in the expansion. According to Matsunaga, manufacturing equipment will be installed after the buildings are constructed. The entire process is scheduled for completion by the end of 2015. RAV4 production is slated to begin in 2016.
Toyota started assembling the updated Camry at its St. Petersburg plant in November 2014. At the same time, it launched new workshops for stamping body parts and manufacturing plastic parts.
“The expansion is performed as planned. By the end of 2015 the designed capacity of the plant will be doubled from the present 50,000 to 100,000 vehicles annually. The plans to launch the production of the Toyota RAV4 second model in 2016 remain unaltered,” stated TASS source.
The company does not plan to stop the production or reduce the headcount at the plant. In November 2014 the enterprise started assembly of the renewed Camry sedan and commissioned a new production facility for pressing of body parts and production of plastic components.
Toyota has officially started production of the new generation Camry at its Russian plant in St. Petersburg, where the model is produced since 2007.
The future plans for the Toyota plant in Russia include the doubling of the production capacity from 50,000 to 100,000 vehicles a year by the end of 2015, and the start of production of a second model, the Toyota RAV4, in 2016.
Toyota Motor Corp. announced Wednesday its group's global auto sales in the first half of 2014 increased 3.8 percent on year to a record 5.09 million units.
The group's global sales, which include models from Daihatsu Motor Co. and Hino Motors Ltd., topped its previous record set in the same period of 2012 at 4.98 million units and has surpassed the 5 million mark for the first time.
The figure comes ahead of Germany's Volkswagen AG at 4.97 million units and the U.S.' General Motors Co. at 4.92 million, securing Toyota's spot as the world's best-selling automaker in the period for a third straight year.
Toyota said that brisk sales of its SUV's, including its Highlander and Lexus GX SUV models, in North America in the first half of the year buoyed its global sales.
The automaker said that deliveries in North America of its mid- sized Highlander SUV were up 17 percent, those of its compact crossover RAV4 SUV rose 15 percent and its remodeled luxury Lexus GX SUV surged more than 50 percent in the Jan-June period.
Toyota's global output in the first half of 2014 also increased 3.8 percent from the same period a year earlier to 2.99 million units, owing to strengthening demand from its North American, European and Asian markets.
Toyota's vehicle sales in the first half grew 12 percent in China, while sales in North America increased 5 percent and expanded 8 percent in Europe.
Domestic output also saw an uptick in the period, the automaker said, up 0.5 percent from a year earlier to total 2.19 million units.
Sales in Japan seemed to weather the sales tax hike storm, with purchases made before the April 1 tax increase from 5 to 8 percent, enough to counterbalance slumping demand thereafter. Toyota said its domestic group sales totaled 1.25 million units, rising 6.5 percent in the period from a year earlier.
For the month of June and excluding its Daihatsu and Hino vehicles, sales dropped 1.5 percent on year to 126,675 units, following declines of 10.1 percent and 18.2 percent in May and April, respectively, following the tax hike.
But Toyota has forecast deliveries of 10 million vehicles for the year, ahead of last year's total of 9.98 million vehicles last year, which beat deliveries by Volkswagen at 9.73 million and GM at 9.71 million.
A joint venture of the Russian company Sollers and Japanese group Mitsui & Co (« Sollers- Bussan “) issued in Vladivostok 10000th SUV Toyota car cheer review Land Cruiser Prado.
Jubilee car carcheer off the assembly line in Elegance version with pearl white color body . Under the hood is released Prado three-liter diesel engine 173 hp
Joint venture called “Sollers- Bussan ” was created in 2010. Production capacity of the joint venture is about 1 thousand cars a year. Company launched SUV Land Cruiser Prado in test mode at the end of January 2013 under the control of the corporation Toyota.
Last year, sales of TLC Prado in Russia reached the level of 14.5 thousand cars , 44 % of which were collected at JV ” Sollers- Bussan .” Carcheer review During the first two months of 2014 , the company produced 2.3 thousand cars , which is 18 % more than the same period in 2013. In the production plan “Sollers- Bussan ” in 2014 – Issue 15.4 thousand SUVs Land Cruiser Prado.
Toyota will launch production of its popular RAV4 sports utility vehicle in Russia in 2016, the Japanese car giant announced on 18 September.
Toyota has also said that it plans to double the output if its plant in St Petersburg from the current 50,000 to 100,000 cars.
To that end, the company will invest about 18 billion yen (182 million dollars) in the Russian facility.
The money will be used to install new production capacity and create an additional 800 jobs.
Toyota had previously said that Russia was one of its 10 biggest markets, and the biggest one in Europe.
Last year it sold more than 153,000 cars in Russia, up 28 per cent from 2011.
Toyota Camry, which is now made at the St Petersburg plant, was the company’s best-selling model in Russia last year.
Sales of the popular saloon were up by 62 per cent to 34,619 units. Last February Toyota also launched production of the Toyota Land Cruiser Prado SUV in Vladivostok.
Japan-based vehicle manufacturer Toyota Motor Corporation has announced will invest about $181 million to expand capacity at its plant in St Petersburg, Russia, where it will start assembling its RAV4 SUV in 2016. While car sales have been declining for six consecutive months in Europe's second biggest market due to an economic slowdown, Toyota has seen sales of the RAV4 rise by 43 per cent to 27,000 vehicles in the eight months to August 2013.
"Demand is growing, and the RAV4 has become Toyota's best-selling model in Russia, so we will start producing the model locally based on a longer term standpoint," Ryo Sakai, a Toyota spokesman said. Russia grants incentives to encourage foreign car firms to localise production that will also help Toyota build more vehicles there, he added.
Toyota will build up to 50,000 RAV4 vehicles a year at the plant based on the complete knock-down system, the firm said in a statement. The plant, where Toyota currently makes the Camry car model, now has a capacity of 50,000 vehicles per year.
Japan-based vehicle manufacturer Toyota Motor Corporation has announced it plans to invest $91 million in a new plant for plastic automotive part production in St Petersburg, Russia.
The new plant will specialise in producing plastic parts for interiors, as well as transmissions and wipers.
According to Toyota, the products may be supplied to other automotive plants in the St Petersburg area, or exported outside the region.
Toyota City, Japan, February 18, 2013—Toyota Motor Corporation (TMC) announces that OOO Sollers-Bussan (Sollers-Bussan), a Russia-based vehicle-assembly company, has begun assembly of the Toyota-brand "Land Cruiser Prado" SUV at its plant in Vladivostok, Russia. Initial production capacity is approximately 1,000 vehicles a month.
TMC is supplying assembly components as well as maintaining a product-quality management support structure that includes quality control training and personnel support. Vehicles assembled by Sollers-Bussan are to be shipped mainly via the Trans-Siberian railway and sold through Toyota's dealer network in Russia.
With the start of Land Cruiser Prado assembly in Russia, TMC aims to better meet Russian consumer needs. Under its founding philosophy of contributing to society through the manufacture of automobiles, TMC is committed to conducting business that will contribute to the development and growth of Russia's economy and automobile industry while continuing to provide high-quality products that satisfy Russian consumers.
Location Vladivostok, Russia
Establishment August 2010
Representative Alexander Korneychuk
Equity participation Mitsui & Co., Ltd.: 50%; Sollers: 50%
Products Land Cruiser Prado
Production capacity Approx. 1,000 units/month
Employees Approx. 300
Location Moscow, Russia
Establishment March 2002
Representative Vadim Shvetsov
Main business activities Automobile manufacturing and sales in Russia
Russian UAZ, ZMZ
Non-Russian Ford (U.S.), Ssangyong (South Korea), Isuzu (Japan), Mazda (Japan), others
Toyota Motor Corporation
Company's website: https://www.toyota-global.com
T: +81 565282121
E-mail: Public company (NASDAQ: TM)
Contact: Mr Akio Toyoda, President and Chief Executive Officer of Subsidiaries
Toyota Motor Corporation manufactures a range of cars, pickups, minivans, and SUVs that include the Camry, Celica, Corolla, 4Runner, Echo, Land Cruiser, Sienna and the Lexus range.