ST. PETERSBURG, RUSSIA-Toyota Motor Corp. (Tokyo) is building its first manufacturing plant in Russia as part of an effort to tap into the country's rapid economic growth.
The new plant, to be located in St. Petersburg's Shushary district, will have an initial annual production capacity of approximately 50,000 units. It will begin production by building the Camry-already a strong seller in Russia-at a pace of about 20,000 units per year.