(3 Minutes Read)
The initiative is aligned with the South African Automotive Master Plan to 2035(SAAM2035) , which is supported by the Automotive Production and Development Programme (APDP)
The construction of Toyota Tsusho Africa and Ogihara Thailand Corporation’s R1.1 billion manufacturing plant at Dube TradePort north of Durban will be completed in July next year.
Speaking at the launch recently, Toyota South Africa Motors president and chief executive Andrew Kirby said the project, which began more than two years ago, was “a milestone” for the company.
Kirby said Ogihara SA had invested R630 million and Toyota South Africa R545 million in the development. The Southern development, located on a 32,000 m2 site at Dube TradePort’s TradeZone 2, will include a manufacturing and assembly plant relocated from Thailand that will produce pressed steel components for supply to Toyota South Africa.
Read Also;
The initiative is aligned with the South African Automotive Master Plan to 2035(SAAM 2035), which is supported by the Automotive Production and Development Programme (APDP), he said. SAAM 2035 aims to increase the localization of the parts supply chain across the vehicle sector to 60% by 2035. Minister of Trade, Industry, and Competition Parks Tau said the anchoring of developments in special economic zones (SEZ) would enable his department to leverage trade agreements to export products.
