Search

Investors
Australia offers a wealth
of opportunities

utility-emailutility-printutility-pdfContact usChange to standard fontChange to large font

Investor UpdatesClick to subscribe to this Investor Updates RSS feed

Toyota opens new hybrid engine plant in Australia

13 December 2012

The large Japanese vehicle manufacturer, Toyota, has opened Australia’s first petrol-electric hybrid engine plant in Altona, Melbourne.

The new facility was opened by the Prime Minister of Australia, Julia Gillard.

The state-of-the-art plant is scheduled to produce 108,000 four-cylinder 2.5 litre engines a year, 15 per cent of which will be hybrids.

Max Yasuda, Toyota Australia’s CEO, said that Australia is one of only four countries around the world producing the AR-series engine.

"The new engine plant is a significant milestone for Toyota Australia,” Mr Yasuda said. “It enables us to maintain our workforce and further develop our technologies, skills and products so we can continue building engines and cars in Australia for many years to come.”

The company plans to export around 15 per cent of the new, fuel-efficient engines to Malaysia and Thailand.

Some A$330 million has been invested in the new plant, which includes contributions from the Victorian state government, and A$63 million from the Australian federal government from its Green Car Innovation Fund.

More information

Site Information

Austrade makes no warranty, express or implied as to the fitness for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any information contained in this document. Any consequential loss or damage suffered as a result of reliance on this information is the sole responsibility of the user.