Toyota Plans to Cut Local Transmission Plant Output on Weak Demand
Toyota Auto Parts Philippines Inc. (TAP), a subsidiary of Toyota Motor Philippines (TMP), is planning to reduce the output in transmission plant due to the slowdown in the global demand for automobiles.
In an interview, Toyota vice chairman Alfred Ty said they might decrease the production of transmission due to a drop in demand in key export markets.
Last year TAP has invested P5.4 billion to double the production capacity of its transmission plant in Laguna. Read more
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