(JCN Newswire)Toyota Motor Corporation (TSE: 7203) announced today that Tianjin FAW Toyota Engine Co., Ltd. (TFTE), a joint venture established with the China FAW Group Corporation (FAW), will hold a line-off ceremony on April 23 to mark the official start of production at its Plant No. 2.
Approximately 100 people are expected to attend the ceremony, including FAW Vice President Jin Yi and TMC Executive Vice President Yoshimi Inaba (who is also TFTE vice chairman), Managing Officer Akira Sasaki, as well as Tianjin City government officials and representatives of the Tianjin Economic and Technological Development Zone.
TFTE's Plant No. 2 has an annual production capacity of 220,000 units and will be responsible for manufacturing the ZR 1.6/1.8-liter engines used in the new Corolla to be produced at Tianjin FAW Toyota Motor Co., Ltd. (TFTM) from mid-2007. The ZR engine features Dual VVT-i (Variable Valve Timing-intelligent), which offers not only superior driving performance but also world-class environmental performance, including excellent fuel efficiency. When production starts at Plant No. 2, it will be the first time the ZR engine has been manufactured overseas. Approximately 270 million U.S. dollars were invested in construction of the new plant.
Established in 1996, TFTE began production of A engines at its Plant No. 1 in 1998. Currently, TFTE manufactures A engines, ZZ engines and SZ engines, producing a total of 184,000 units in 2006.