Toyota Tsusho to Start Vehicle Assembly Business in Ghana
company, and acquired a license for a vehicle assembly business, a first for a Japanese company in Ghana. The planned production capacity of the new plant is 1,300 units annually, and the plant is going to conduct SKD production of the Toyota Hilux pickup truck. The new plant will be constructed in Tema, 30 km from the capital city of Accra, at an investment cost of approximately 7 million US dollars, and there are plans to hire approximately 50 new employees. Preparations are underway to commence operations in mid-2021.
Toyota Tsusho took over all business and operations in Africa from Toyota Motor Corporation in January 2019 and has been reinforcing initiatives in Africa. With the establishment of TTMG, Toyota Tsusho Group will have vehicle production sites in five African countries following Kenya, Egypt, Nigeria, and Rwanda. In addition to engaging in the automobile sales business, Toyota Tsusho will perform local production tailored to market needs, contributing to the development of the automobile industry in Africa.