Tianjin FAW Toyota Motor Co. Ltd. (TFTM), a joint venture between FAW Group Corporation and Toyota Motor Corporation, announced on May 13 to increase annual production capacity for its No. 2 Vehicle Plant from current 100,000 to 150,000 units by the end of 2009. Thus TFTM’s production capacity will reach 470, 000 units a year following the accomplishment of the so-called 4th extension project. A plan to establish a research and development center to support its vehicle development capabilities also announced.
With total investment of 150 million Yuan (RMB), the extension project will cover 80,000m2 area located at the Tianjin Economic-technological Development Zone.
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