UMW Toyota Motor Group will invest RM1 billion, over the next three years, to improve quality and production efficiency.

UMW Toyota Motor Sdn Bhd Chairman Tan Sri Asmat Kamaludin said the amount would also be used to further develop its manufacturing facility, Assembly Services Sdn Bhd (ASSB), expand network and build a new centralised stockyard in Bukit Raja.

'For the past five years, UMW Toyota Motor Group invested RM900 million and, out of that amount, RM460 million was utilised by ASSB to improve quality and production efficiency,' he said at ASSB's one millionth production line ceremony officiated by International Trade and Industry Minister Datuk Seri Mustapa Mohamed today.

Meanwhile, UMW Toyota Motor President Ismet Suki said the company would implement overtime cuts and a one-shift operation, beginning today until June 3, due to disruptions in parts supplies from Japan.

'Our commitment to our customers remains topmost in our priority. We are closely monitoring the parts supply situation in Japan on a daily basis and it will recover soon,' he said, adding that the UMW Toyota Motor still maintained a sales target of 90,000 vehicles this year.

UMW Toyota Motor Group is a joint venture between UMW Corporation Sdn Bhd and Japan's Toyota Motor Corporation and Toyota Tsusho Corporation. - Bernama