Bloomberg News

Toyota Affiliate Expects Thai Plants to Resume Output This Month

December 01, 2011

(See SHOW <GO> for more on the Tokyo Motor Show.)

Dec. 1 (Bloomberg) -- Toyota Boshoku Corp., an auto parts affiliate of Toyota Motor Corp., expects its factories in Thailand to resume normal output this month.

“We expect Thailand production will be fully restored by the end of the year,” Shuhei Toyoda, president of Toyota Boshoku, told reporters today at the Tokyo Motor Show. The car interior parts maker gets 95 percent of its sales from Toyota.

Toyota last month followed Honda Motor Co. in scrapping its profit forecast after Thailand’s worst floods in almost 70 years brought factories in the Southeast Asian nation to a halt, disrupting output as far away as North America. Toyota said Nov. 9 it would resume production in Thailand on Nov. 21.

“We expect the problem to be solved by the end of the year,” Takeshi Uchiyamada, executive vice president at Toyota, said in an interview this week. “We don’t expect there will be any effects on production next year.”

--Editors: Suresh Seshadri, Subramaniam Sharma.

To contact the reporters on this story: Masatsugu Horie in Osaka at mhorie3@bloomberg.net; Cheng Herng Shinn in Tokyo at hcheng52@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net


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