Sorocaba, Brazil – Toyota has begun construction of a new assembly plant in Brazil, its third in that country. The company’s first Brazilian plant, established in 1958, was its first manufacturing facility located outside of Japan.
The new plant will employ approximately 1,500 people and cost the equivalent of US$600 million.
Plans call for production of a newly-developed compact car to start at the plant in the second half of 2012, at an initial annual pace of about 70,000 vehicles. The company said it also plans production for export.