Toyota
Tsusho Corporation (“Toyota Tsusho”) announced today that it has established
the vehicle assembly company Toyota Tsusho Manufacturing (Cambodia) Co., Ltd.,
(“TTMC”) in the Kingdom of Cambodia. The investment amount for this project is
approximately $36.8 million.
TTMC’s
new plant, to be built in the Phnom Penh Special Economic Zone, is going to
locally assemble Toyota HILUX pickup truck and Toyota FORTUNER SUV.
This project is an initiative based on the
“MOU on Cooperation for the Development of the Automobile Industry” signed
between the Government of Cambodia and Toyota Tsusho as part of the
ASEAN-related Summit held from November 8 to 13, 2022. The MOU was signed
by H.E. Mr. Aun Pornmoniroth, Deputy Prime Minister and Minister of
Economy and Finance of the Kingdom of Cambodia, and Mr. Toshimitsu Imai,
Vice President of Toyota Tsusho at the MOU signing ceremony held on November 12
(local time). It was signed in the presence of Cambodian Prime Minister Hun Sen
and Japanese Prime Minister Fumio Kishida.
Through
this project, Toyota Tsusho will contribute to the development of Cambodia’s
automobile industry, economy, and society.
[Overview
of TTMC
Company name |
|
Location |
Phnom Penh Special Economic Zone (PPSEZ), Cambodia |
Capital |
$21 million |
Representative |
Ryoji Fujita, Managing Director |
Shareholder |
Toyota Tsusho 90%, Kong Nuon Group 10% |
Established |
August 2022 |
Date of business approval acquisition |
September 2022 |
Business details |
Vehicle assembly |
Production vehicles |
Toyota HILUX, Toyota FORTUNER |
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