São Paulo, Brazil – Toyota will build its third plant in Brazil, which will produce a newly-developed compact car both for the local market and export.

The company purchased the land for Toyota do Brasil in July 2008, and expects to start construction in September 2010.

The new model will begin production in the second half of 2012, with an initial capacity of about 70,000 vehicles. The plant, which represents an investment of approximately US$600 million, will employ about 1,500 workers.

Toyota do Brasil was established in 1958 as Toyota’s first overseas production base. It currently produces parts at its São Bernardo Plant and builds the Corolla at its Indaiatuba Plant.

Connect with Autos.ca