Toyota announces BRL 160 million investment in Sorocaba

Toyota made a significant announcement on June 1st, revealing its plans to invest R$ 160 million in the construction of a state-of-the-art distribution center dedicated to parts and accessories.

The warehouse, spanning an impressive 55,000 square meters, is set to be completed by 2025. According to Toyota, this center will play a crucial role in the reception and distribution of over 1.1 million pieces each month. These parts will be delivered to more than 300 selling points across the country while also being exported to over 20 distributors in Latin America and North America.

Notably, this investment follows Toyota’s recent commitment to allocate R$ 1.7 billion towards producing a new hybrid vehicle designed to operate using ethanol.

Source: Valor Econômico

To read the original news report, visit: https://valor.globo.com/empresas/noticia/2023/06/01/toyota-anuncia-investimento-de-r-160-milhes-em-sorocaba-sp.ghtml

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