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Toyota - Company - Wales to receive £88 million cash injection

2008-05-27 11:12:32 - Toyota announced that it will invest £88 million into a North Wales plant to produce a small petrol engine - securing jobs for 700 workers.

The Japanese car company will expect to get a new 4 cylinder 1.3litre engine out of the deal - which is going into the Deeside plant.

This follows an investment made earlier in the year by Toyota in the same region.Exec Vice president - Tokuichi Uranishi said: 'This investment recognises the quality of the UK workforce and demonstrates Toyota's confidence in our UK investment and continued efforts towards local production.'

Tokuichi also added 'This new engine, along with the recent investment here at Deeside, means this plant will have two of the most advanced engine manufacturing lines in the world.'

Toyota Manufacturing produces Auris and Avensis models in the UK and petrol engines at the engine manufacturing plant in Deeside, Wales. This brings an investment total of £1.5 Billion into UK manufacturing by Toyota alone.

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