Toyota Plan to Open ₱4.5 Billion Logistics Hub in Batangas

Toyota Motor Philippines (TMP) announced it will open its ₱4.5 billion vehicle logistics hub in Batangas by late this year.

The facility is 32 hectares and is capable of handling 160,000 Toyota units annually, TMP said in a statement.

Atsuhiro Okamoto, TMP President, said “TMP remains committed to supporting the goal of the government to stimulate the economy and to prepare for the eventual resumption of motorization in the country. The… industry is… an essential part of the drive to increase mobility,”

Alfred Ty, Toyota Philippines Chairman, said he was optimistic for the auto industry’s recovery this year, citing both the public and the private sector’s efforts in improving market conditions and the business environment.

Source: ABS-CBN