Toyota To Expand Its Production Capacity In Russia

February 23, 2011 |
Filed under News

The auto major Toyota motors is planning to expand their production capacity in Russia by means of a joint venture with Russia’s Sollers in Vladivostok in the Russian Far East and Japan’s Mitsui Corp.

The joint venture that the company is planning to start at Sollers’ Vladivostok plant will solely focused on Toyota’s Land Cruiser Prado model only initially, and considering the temperatures and terrain of that region, we think it’s a pretty smart move, and definitely will benefit the company and the customers.

The joint venture in its early stages will see investment of millions of dollars for modernization of the Sollers plant.

Most of the cars manufactured there will be intended for Russian market, and the company doesn’t have plans to manufacture more than 30,000 Toyota Prado per year. The vehicle will be delivered through Trans-Siberian Railway to the European Russia.

We don’t have any information about the share of each of the company in the joint venture.

As per Japan’s Nikkei business paper, Toyota sees the Far East Russia as a hopeful region for future expansions in the country, especially considering the fact that several government incentives and programs which are scheduled to be implemented there.

We, already knows that Toyota already has production facility near St. Petersburg. The Russian plant of Toyota assembles the Camry sedans, and has a production capacity of 20,000 cars per year.

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