Toyota Raises Transmission Production Capacity in Poland

Toyota Motor Corp. announced that Toyota Motor Manufacturing Poland Sp.zo.o, a producer of transmissions and engines, will increase its annual production capacity of manual transmissions from the current 600,000 units to 720,000 units by mid-2009. According to the company's press release, this increase is being implemented to further promote Toyota's localization in Europe. A new production line will be established within the plant site. TMMP will invest approximately 19.7 billion yen (about $170 million) and hire 260 new employees to establish the new line and upgrade the current line.