Toyota Motor is closing the doors of its Sao Bernardo do Campo plant in Brazil after operating for more than half a century. It was reported that the closure has been decided to shift production to the company’s other divisions.
Toyota Motor revealed its plans to shut its Brazilian factory on Tuesday, April 5. The said facility is the company’s first-ever plant that was built outside of Japan, where it has originated and based.
According to Reuters, the Japanese carmaker shared that it will be closing the facility, but this will not be done at once but gradually. The process of the shift will begin in December this year, and the facility will be upgraded to be ready to accommodate the production of other products. The company is expecting the completion of renovations by November 2023.
In any case, the firm’s move is part of its plans to become more competitive when facing the challenges of the Brazilian market. It also wants to make changes for the sustainability of its business in Brazil.
For the 550 workers that will be affected by the plant’s closure, Toyota will make sure to retain them by transferring them to the company’s other facilities within the territory.
Meanwhile, it was on May 10, 1957, when Toyota first requested the Brazillian government for approval to build its first plant in the country. After more than a month, the request has been granted and the Toyota do Brasil Industria e Comercio Limitada was inaugurated on Jan. 23, 1958.
As stated on Toyota Global’s website, after the approval, Toyota Motor assembled 800 vehicle units that were exported in October of that year. By December, the company bought a plant from the local subsidiary of UK-based Rover, which was put up for sale as it decided to pull out its business from the Brazilian market.
From that time the production of the Land Cruise FJ25L model has started in May 1959. As its business progressed from this point, Toyota’s overseas production is now at 100% compared to the 60% rating when it first started.
Toyota’s Sao Bernardo do Campo plant measures around 190,000 square meters, and it was said to have the capacity to produce 250 vehicle units per month. It has complete facilities for the production process, including machining, heat treatment, painting, stamping, and assembly.


SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 



