Toyota to ramp up pickup production at Mexican plant
Toyota Motor is likely to ramp up production to 100,000 vehicles at its Guanajuato, Mexico facility by 2021, subsequent to a shift of production of mid-size Tacoma pickup from the US to Mexico, according to the local media.
The annual Mexican production of trucks will be at 266,000 when in full operation.
Toyota has invested $700mn in Mexican plant and commenced operations last December.
Kia’s $1.1bn plant will stay put in AP
Kia Motors and Andhra Pradesh (AP) government have both denied the news of Kia motors planning to shift its manufacturing unit out of the state as per reported by a global news agency on Feb 6. Kia also said that the reports of shifting its plant were unfounded and untrue and asserted that they will stay put in Andhra Pradesh where the plant is performing well.
The Andhra plant in Anantapur commenced Dec 2019. The plant has an annual capacity of 300,000 units.
New tube line for Sandvik’s Indian steel mill
Sweden-based Sandvik added a new cold finishing tube line at its Mehsana mill located in Gujarat, inaugurated on Jan 30.
With the addition of new tube line, company aims to double the cold-working capacity, improve its high-quality seamless stainless tube availability and flexibility for introducing new grades and strengthen regional service and enable become an all-inclusive store with rapid delivery across the Asia Pacific region.