Toyota Australia Engine Plant Moving To Thailand After 2017
Sources close to Toyota say the engine plant in Altona, Australia will likely be relocated to Siam Toyota Manufacturing in Thailand once the automaker ceases Australian manufacturing operations in 2017.
GoAuto reports that while the company hasn’t officially announced what will happen to the $331 million AUD engine plant thus far, executives inside Toyota Australia have Thailand in mind as a potential new home for some of the tooling currently in use. The factory exports 16 percent of its 2.5-liter four-cylinder engines to Thailand and Malaysia for fitment in Camry and Camry Hybrid models.
Another reason for the move to Thailand? While Toyota Australia builds 100,000 Camry, Camry Hybrid and Aurion models annualy — 70 percent for export markets, such as the Middle East — Toyota Thailand builds 880,000 units annually, exporting a wide range of vehicles to Australia and Association of Southeast Asian Nations — or ASEAN — member states. Furthermore, a free trade agreement between the two countries means vehicles, such as the HiLux and the Corolla, from Thailand enter Australian ports duty-free.
The plant, partially funded by a $63 million AUD contribution from Australia’s Green Car Innovation Fund and opened at this time last year, will close halfway through its expected lifespan of 10 years in 2017, shedding 2,500 jobs with thousands more down the local supply chain in the process.
It's been an ugly couple of months for Australia with announced closures coming from GM, Ford, Toyota and now Alcoa as well.
Yeah, I kinda feel sorry for Australia; one of my favorite places in the world.
Crikey mate! Dey terk errr jobs!
It's sad to see these jobs go. It appears the manufacturer's have received the message, Australia will not subsidise employment or industry. At least our industry is rationalising with structure and not like the Europeans and even the US, where overnight many lose their jobs as plants shut down. This again highlights problems confronting other advanced economies. 1. The countries that are subsidising, what will happen when the governments can't afford to support 'industrial welfare'. 2. How competitive are our labour intensive consumer industries and are they sustainable. I would also like to see what vehicles Australians do buy as Falcon, Commodore and Camry replacements. I would think small to medium sedans, small to medium CUVs and of course diesel midsize dual cabs.