New Toyota plant may stretch UMW's balance sheet further, says Maybank IB Research

R & D focus: Toyota already has a research lab in the Silicon Valley technology hub of Palo Alto.

KUALA LUMPUR : The new RM2bil Toyota manufacturing plant to be built in Klang is a short term negative for UMW Holdings Bhd due to its high capex costs but will prove to be a long term positive for its automotive division, said Maybank IB Research.