Toyota Unit To Build New Compressor Plant.(Brief Article)

A unit of Toyota Motor Corp., said it would invest 20 billion yen ($170.2 million) to build a plant in Japan to make compressors for car air conditioners. The plant, to be built in Higashiuracho in western Japan's Aichi prefecture by Toyota Industries Corp., will start operating in June 2002, a Toyota Industries spokeswoman said.

The company, which is 24.6 percent owned by Toyota Motor plans to boost its global sales of compressors to 20 million units by 2005/06, up 60 percent from 2000/01, the company said. "Demand for our environmentally friendly compressors is strong in Europe," the spokeswoman said.

Over the next five years, it aims to raise annual capacity for compressor output in Japan by 30 percent to 13 million units, to boost it 10-fold in Germany to three million units, and to double U.S. capacity to four million units, she said.

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