Toyota Kaikan factory in Japan/photo credit
NAGOYA — Toyota Motor Corp. will start building a car assembly plant this year in Myanmar, where demand for new cars has been growing strongly after import restrictions on used vehicles were tightened in 2017, sources familiar with the matter said Sunday.
Toyota will invest several billion yen for the plant to assemble pickup trucks in the Thilawa Special Economic Zone located on the outskirts of Yangon, they said. In Myanmar, new car sales doubled to around 17,000 units in 2018. Suzuki Motor Corp., Ford Motor Co. and Hyundai Motor Co. already have plants in the country.