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Toyota subsidiary plans parts factory in Laos
businessspectator.com.au, 14 Nov '12
Headlines 16 Nov 2012
› Toyota unveils facelifted Corolla Altis in Thailand
› Kia Rio hatchback unveiled ahead of official Malaysian launch
› Vietnam may cut fees for second-hand vehicles
› Mercedes-Benz Taiwan launches A-Class
› Buick Excelle to get smaller, 1.5L engine for 2013
› Toyota CEO denies claims of production shift from China to Thailand

A subsidiary of Toyota Motor Company plans to set up a parts factory in Laos, a local news daily report said on November 13th.

Toyota Boshoku Corporation president Shuhei Toyoda announced the decision after visiting the Savan-Seno industrial park zone in the southeastern province of Savannakhet, the local news daily reported.

Savannakhet is connected to Thailand's north-eastern province of Mukdahan by a bridge over the Mekong River. It is linked to central Vietnam by road.

Thailand is the main automotive manufacturing hub in South-East Asia with output expected to exceed two million vehicles this year.
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