Apr. 22, 1993
FIRST TOYOTA OFF THE LINE AT NEW PLANT IN PAKISTAN
Toyota City―TOYOTA MOTOR CORPORATION, along with Toyota Tsusho Corporation, announced the line-off of the first Corolla at a new plant in Pakistan. The plant has been built as part of a joint venture with the House of Habib's Indus Motor Company Ltd. Approximately 5,000 passenger cars are expected to be built at the plant in 1993. Future output will increase to an annual level of 20,000 vehicles, with plans to produce commercial vehicles, in addition to the Corolla.
With the successful start-up of the plant, Toyota and Indus Motor hope to contribute to the growth of the economy of Pakistan through the creation of jobs and the local procurement of parts and materials.
Guests at a local ceremony marking today's event included Japanese Ambassador to Pakistan Kunio Muraoka and government officials of Pakistan, as well as Toyota President Tatsuro Toyoda and Toyota Tsusho Chairman Seizo Ezaki.
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- Established
- December 1989
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- Location
- Port Qasim industrial area
(approx. 40km east of Karachi)
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- Plant site
- Approx. 430,000m2
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- Capital
- 786 million rupees
(approx. ¥3.5 billion)
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- Ownership
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- House of Habib
- 48.98%
- Toyota Motor Corp.
- 12.50%
- Toyota Tsusho
- 12.50%
- Pakistan Automobile Corp. (PACO)
- 1.02%
- Public stockholders
- 25.00%
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- Investment
- Approx. 1.5 billion rupees
(approx. ¥6.8 billion)
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- Production volume
- 20,000 a year (two-shift)
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- Employees
- Approx. 400 (as of April 1993)
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- Model
- Corolla (commercial,vehicle scheduled to be added in the future)