Toyota Indiana Completes $1.3B Plant Modernization Project

Noria news wires

Toyota Motor Manufacturing Indiana (TMMI) recently invested an additional $700 million and added 150 new jobs to complete the transformation of a plant modernization project announced in 2017.

The project will add 550 new jobs at the plant in Princeton, Indiana, and represents a total investment of $1.3 billion, which was used for retooling, equipment installation and advanced manufacturing technologies to further modernize the facility and meet demand for the 2020 Toyota Highlander.

Since 1996, Toyota Indiana’s total investment is approximately $5 billion, while total employment exceeds 7,000. The plant currently has the capacity to assemble more than 420,000 vehicles annually.

This new investment is part of a broader commitment from Toyota to invest $13 billion in its U.S. operations over a five-year period through 2021. To date, Toyota has committed approximately $7.1 billion of the announced total. The cumulative direct investment in the United States exceeds $28.4 billion.

“Part of Toyota’s tremendous success in North America is building vehicles where we sell them,” said Christopher Reynolds, chief administration officer of manufacturing and corporate resources for Toyota Motor North America (TMNA). “Our $1.3 billion investment at TMMI is further proof that our Hoosier workforce is rededicated to producing safer, high-quality vehicles our customers love to drive.”

In addition to the plant investment, Toyota Indiana also announced that it has committed $1 million to a new regional workforce program that will connect students with career opportunities in advanced manufacturing while still in high school.

For more information, visit www.toyota.com.

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