Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Automotive  >>   Toyota wants to restart soonest
NEWS UPDATES Asean Affairs     10 November  2011

Toyota wants to restart soonest

Toyota Motor Corp will delay resuming operations in Thailand for 10 days, starting up November 21, according to Akio Toyoda, president of Toyota.

"We will try to start production as soon as possible, possibly on the 21st of this month, and then slowly increase our production capacity," said Mr. Toyoda.

Though floods have not hit Toyota's three Thai plants in Samut Prakan and Chachoengsao, parts shortages have limited its operations. The company has delayed restarting operation three times.

Mr. Toyoda said the company is studying what its overall production capacity for this year will be.

"Toyota expects to increase our investment here over time to develop the automotive industry," he said, adding the company aims to be the global industry leader.

A Toyota executive said some parts makers confirmed their readiness to resume supply to Toyota, making this restart schedule more likely.

Japan, Thailand's biggest foreign investor, may also be the largest overseas economic victim of record floods forcing companies including Toyota, Hitachi and Canon to halt output in the country.

Toyota also scrapped its profit forecast as the floods are ongoing and it needs more time to assess the financial toll. It previously projected earnings of 390 billion yen this year.

Some analysts cut that estimate in half if the floods hamper production for three months.

Toyota was already producing at full capacity to recover from the impact of the March earthquake in Japan, so there is a limit to what it can do to recover from flood losses, he said.

The floods may also push back expansion plans at Toyota and Honda until the first quarter of 2012.

However, Japanese manufacturers may have more difficulty shifting output away from Thailand, where they have more concentrated supply chains than US and European rivals including Ford Motor Co.

Japanese companies make up 57 percent of the foreign projects granted investment incentives last year by Thailand's Board of Investment, the most by a large margin. Besides the March earthquake and tsunami in Japan, its exporters are also reeling from the yen's rise to a post-WWII high on Oct 31.

Isuzu Motors extended its halt on operations in Thailand to tomorrow because of the parts shortage, even though its factories are not flooded. Production will be cut by 25,000 units over the last 30 days.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    26  October  2011 Subsribe Now !
• Global economics to impact Asean 5 Subcribe: Asean Affairs Global Magazine
• US assistance to Cambodia Asean Affairs Premium

• New environment minister on the warpath

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Water quality destroys mussel farming
• Report that president paid off insurgents
• Singapore women execs in lower ranks
• Flooding fears in Bangkok

• Property losses in Thai flooding


Asean Analysis              26  October  2011

Advertise Your Brand
• Asean Analysis-October 26 Sponsor Our Events

Asean Stock Watch      26  October  2011

• Asean Stock Watch-October 26 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand