CBM Market Report June 2010

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Toyota starts production at Gateway 2 plant

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To meet the rising demand in domestic and overseas markets, Toyota Motor Corporation (TMC) in Japan, and TMT decided to invest about 11,000 million Thai Baht in another new assembly plant in Thailand which is “Gateway 2” at Chachoengsao province to assemble passenger cars with the annual production capacity at the beginning of about 80,000 units with 1,500 employments. As a result, this will increase Toyota total normal production capacity of up to 770,000 units per year. The production at the Gateway 2 plant will start on 26 August 2013.
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Industry Ministry finalising eco-car project policy

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Via THE NATION: The Industry Ministry has announced that conditions for Phase 2 of the eco-car project are nearly finalised and will be forwarded to the Board of Investment (BOI) for next week's meeting. Meanwhile, the Federation of Thai Industries (FTI) has expressed concerns that rushing to get approval of Phase 2 of the policy could affect Phase I manufacturers. Industry Minister Prasert Boonchaisuk will chair a meeting today of the subcommittee for investment promotion policy to discuss Phase 2 of the eco-car policy, according to a ministry source. The results will be forwarded to the BOI meeting to be chaired by Finance Minister Kittiratt Na-Ranong next Wednesday. Planned policy of the eco-car is likely to be announced this year for next year's investment, the source said. Thailand hopes to have produced 3 million eco-cars by 2017. Five carmakers are expected to invest in Phase I of the eco-car project. They are Toyota, Honda, Mitsubishi, Nissan and Suzuki.
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Automotive sector to drive Malaysia's competitiveness

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VIA BUSINESS TIMES : THE automotive sector's transformation map has and will continue to make Malaysia competitive, even with challenging free trade pacts like the Trans-Pacific Partnership (TPP), which Malaysia hopes to be a member. Signs of steady improvement in the sector have been showing in the past decade since the Asean Free Trade Area (Afta), Japan-Malaysia Economic Partnership Agreement and the Malaysia-Australia Free Trade Agreement (FTA), enabling Malaysia to be on the same page as the leading automotive countries in the world. "(Global) competitiveness is what we have been preparing for. Right from Afta, the government has been liberalising the industry," said Malaysia Automotive Institute chief executive officer Madani Sahari. With Afta, for instance, there is nothing to stop automotive manufacturers from using Indonesia to sell their vehicles to the Malaysian market. Both the trade pacts with Japan and Australia, which come into effect in 2016, will see zero...
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