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Toyota says to invest $181 mln to expand Russia plant capacity

Toyota Motor Corp is investing around $181.2 million, or 18 billion yen, to expand production capacity at its St. Petersburg plant in Russia, the Japanese carmaker said on September 18.

Toyota, which will start a complete knock down production of its RAV4 SUV in 2016 at the plant, is expanding the plant's capacity to a maximum of around 100,000 vehicles from the current 50,000 vehicles, the company said in a statement.

Toyota currently makes the Camry at the plant. ($1 = 99.3450 Japanese yen)  

2013-09-19, Reuters, Yoko Kubota.


Keywords: expansion into Russian market, St. Petersburg, foreign investment, car manufacturing, Russia, Toyota

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