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.

Outline of Indus Motor Company Ltd.
  1. Established
    December 1989
  2. Location
    Port Qasim industrial area
    (approx. 40km east of Karachi)
  3. Plant site
    Approx. 430,000m2
  4. Capital
    786 million rupees
    (approx. ¥3.5 billion)
  5. Ownership
    House of Habib
    48.98%
    Toyota Motor Corp.
    12.50%
    Toyota Tsusho
    12.50%
    Pakistan Automobile Corp. (PACO)
    1.02%
    Public stockholders
    25.00%
  6. Investment
    Approx. 1.5 billion rupees
    (approx. ¥6.8 billion)
  7. Production volume
    20,000 a year (two-shift)
  8. Employees
    Approx. 400 (as of April 1993)
  9. Model
    Corolla (commercial,vehicle scheduled to be added in the future)