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Toyota Motor Corporation is set to build a new factory in Malaysia, according to the Nikkei. While not citing sources, the publication has revealed initial details about the project through its Asian Review edition.

The new assembly plant will be built by UMW Toyota Motor, the joint venture between UMW Holdings and Toyota Tsusho, and it is expected to come online by 2018. The 30 billion yen (RM1.1 billion) facility will have an annual production capacity of 50,000 vehicles a year.

The automaker began production in Malaysia in 1968 and now assembles around 80,000 vehicles a year domestically through its Assembly Services (ASSB) plant in Shah Alam, with builds including that of the Hilux, Vios and Camry. The report adds that the new facility will produce small cars, and annual capacity can be raised to 100,000 vehicles if demand for such numbers arise.

We contacted UMW Toyota representatives about the matter, but they declined to issue any comments, saying that any official announcement will be made in due course. Stay tuned for developments.