ERLANGER, Ky. (WHNT) – Toyota Motor Engineering & Manufacturing North America announced Thursday it will invest $200 million in three production plants, with the lion’s share going to the Alabama engine plant in Huntsville.
Toyota’s $150 million investment in the Huntsville facility marks its fifth new investment since the plant began operations a decade ago. This will bring the total investment in Toyota Alabama to $850 million by July 2015, once the machining project is complete.
Toyota Alabama will hire 125 people when the current $80 million V6 engine assembly expansion is complete, bringing its total workforce up to 1,150 employees.
These Alabama employees make 4-cylinder, V6 and V8 engines for eight of 12 Toyota vehicles assembled in North America.
Bodine Aluminum will also see a $50 million investment in its plants in Troy, Missouri and Jackson, Tennessee. Bodine produces cylinder heads and blocks for the Huntsville engine plant, as well as Toyota’s engine manufacturing facilities in Kentucky and West Virginia.
“Today’s investment of $200 million into three separate Toyota facilities demonstrates Toyota’s commitment to North America and our localization efforts,” said Osamu Nagata,
president and CEO of Toyota Motor Engineering & Manufacturing North America. ”Our commitment to our local communities where we produce engines, engine parts and vehicles has never been stronger thanks to our team members and their continued focus on safety, quality and continuous improvement.”
“Toyota Alabama continues to play a key role in our efforts to build engines in the region for our loyal customers,” said Jim Bolte, president of Toyota Alabama. “This vote of confidence gives our team members and community partners added motivation as we move towards our vision of becoming the most admired company in the state.”
Huntsville Mayor Tommy Battle said he is very pleased by this announcement.
“Toyota has been a great corporate partner, and we are proud of what they have accomplished with the last five expansions in Huntsville. This is a major investment that will give back to our community for decades to come,” Mayor Battle said. “Toyota’s decision, coupled with other recent positive business announcements, is a good indicator of the strength of Huntsville’s economy and its optimistic future.”