The Nikkei electronic edition reported that Toyota Motor plans to begin producing fuel-cell vehicles at its Thai facility from the end of 2027. The investment is estimated at approximately ¥7 billion, and approval by the BOI appears to have been obtained. Meanwhile, TOYOBO CO.,LTD. plans to commercialise backing paper for recycled labels in fiscal 2028, targeting annual sales of approximately 240 tonnes.
Toyota Motor is reported to be planning to begin producing fuel-cell pickup trucks at its Ban Pho plant in Thailand from December 2027. According to the report, the investment will total approximately THB 1.49 billion, or about ¥7 billion.
Thailand's Board of Investment, or BOI, is reported to have approved Toyota's application for investment incentives. Production capacity is expected to be 3,000 units per year.
TOYOBO CO.,LTD. is reported to be planning to commercialise polyester-based synthetic paper made from recycled label backing paper in fiscal 2028, with a target of selling approximately 240 tonnes annually in fiscal 2030.
It is also reported that the direct impact on the share price will be limited.