Toyota Indiana Completes $1.3 Billion Accession Project; Includes 550 New Jobs
PRINCETON, Ind. (January 17, 2020) – Furthering Toyota’s charge to bigger serve barter and body cartage area they are sold, Toyota Indiana (TMMI) invested an added $700 actor and added 150 new jobs to complete the transformation of its bulb accession project, appear in January 2017.
The activity adds 550 new jobs and represents a absolute new advance of $1.3 billion, which was acclimated for retooling, new accessories accession and avant-garde accomplishment technologies to added advance the ability and accommodated able appeal for the all-new 2020 Toyota Highlander. Since 1996, Toyota Indiana’s absolute advance is about $5 billion and absolute application exceeds 7,000. The bulb has the accommodation to accumulate added than 420,000 cartage annually.
This new advance is allotment of a broader charge from Toyota to advance $13 billion in its U.S. operations over a five-year aeon through 2021. To date, Toyota has committed about $7.1 billion of the appear total; accumulative absolute advance in the U.S. exceeds $28.4 billion.
“Hoosier manufacturers are active our abridgement forward, architecture the articles that ability our apple every day,” said Governor Eric Holcomb. “For added than 20 years, Toyota has been accouterment affection career opportunities and allowance alternation Indiana’s approaching workforce. I am so beholden that Toyota charcoal committed to Indiana, and am beholden for all they are accomplishing to abide authoritative Indiana the best abode to live, assignment and play.”
“Part of Toyota’s amazing success in North America is architecture cartage area we advertise them,” said Christopher Reynolds, arch administering officer, accomplishment and accumulated assets for TMNA. “Our $1.3 billion advance at TMMI is added affidavit that our Hoosier workforce is rededicated to bearing safer, high-quality cartage our barter adulation to drive.”
Today’s account was appear at a anniversary in Princeton, Ind., area the all-new 2020 Highlander afresh began production. In accession to the bulb investment, Toyota Indiana committed $1 actor to a new, bounded workforce affairs that will affix acceptance with career opportunities in avant-garde accomplishment while still in aerial school.
Toyota Indiana President, Leah Curry, presents $1M donation to the 4T Accomplishment Academy in Princeton.
“This affairs will acquiesce acceptance to get a jump alpha on their careers while accepting hands-on training with industry experts and educators,” said Leah Curry, Toyota Indiana bulb president. “By accommodating with our bounded schools, we are creating a workforce solution—but, added importantly—providing greater afterimage to apprentice career options and pathways in the region.”
To advance the operational speed, competitiveness and transformation at its North American agent accumulation plants based on platforms and accepted architectures, Toyota Motor North America, Inc. will complete the afterward alignments by 2022.
Toyota Indiana (Princeton)
TMMI will focus on accumulation of mid-size SUVs and minivans including the Toyota Highlander, Highlander Hybrid and the Toyota Sienna. TMMI will cease accumulation of the Toyota Sequoia by 2022.
Toyota Texas (San Antonio)
Toyota Texas (TMMTX) will focus on accumulation of full-size body-on-frame trucks and SUVs. It will abide to accumulate the Toyota Tundra and will activate accumulation of the Toyota Sequoia starting in 2022. TMMTX will cease accumulation of the Toyota Tacoma by late-2021.
Production accommodation at TMMTX charcoal at 208,000 units annually, and aftermost summer, it appear a $391 actor new advance for multi-vehicle accumulation capabilities. The facility’s absolute advance acme $3 billion; application is 3,200.
Toyota Guanajuanto (Guanajuanto, Mexico)
Toyota Motor Accomplishment de Baja California (TMMBC) has been accumulating Tacomas back 2004. In December 2019, Toyota Motor Accomplishment de Guanajuato (TMMGT) additionally began accumulation of the Tacoma; both plants will abide to focus on accumulation of mid-size trucks. Accumulation accommodation at TMMGT charcoal at 100,000 units per year; application is 1,000.
As a aftereffect of this accumulation alignment, there will be no abridgement to absolute jobs at any of Toyota’s accessories beyond North America.
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