Toyota Injects $391 Million New Investment in its San Antonio Assembly Plant
September 17 2019 - 6:54PM
JCN Newswire (English)
Through its commitment to build vehicles where they are sold,
Toyota is investing $391 million at its San Antonio truck assembly
plant to better serve customers. Once complete, the plant's total
investment will exceed $3 billion.
Today's announcement comes as part of a broader commitment from
Toyota to invest $13 billion in its U.S. operations over five years
through 2021. This new investment also comes with a commitment by
Toyota Texas to continue funding local workforce development, a
community need the company has long championed.
As part of Toyota's commitment to help San Antonio's workforce and
education, Alamo Promise will receive a $500,000 donation from
Toyota Texas over a five-year period. Alamo Promise's mission is to
end poverty, enhance economic and social mobility and meet
workforce demands throughout the city.
Separately, Aisin AW, a supplier to Toyota Texas and other
automakers, announced that it will invest $400 million and bring
900 new jobs to a future facility in nearby Cibolo, Texas.
"The Lone Star State continues to build on its reputation as a
manufacturing powerhouse thanks to investments from innovative
companies like Toyota and Aisin AW," said Governor Greg Abbott.
"Their combined new investment of nearly $800 million in the San
Antonio area is a testament to Texas' unrivaled workforce and
commitment to creating an environment where businesses can thrive
free from the heavy hand of government regulation and
over-taxation. I am grateful to Toyota and Aisin AW for bringing
more jobs to the Lone Star State and I look forward to growing our
already strong partnership."
"We've been in the U.S. for more than 60 years, creating a
tremendous value chain in this country and creating an extensive
footprint in the Alamo City since 2003," said Chris Reynolds,
Toyota Motor North America chief administrative officer of
manufacturing and corporate resources. "With 10 U.S. plants,
1,500-strong dealer network, an extensive supply chain and other
operations, we directly and indirectly employ over 475,000
Americans and are committed to investing here."
This new investment at Toyota Texas is in response to strong
customer demand and will make the plant even more competitive in
the long-term and more efficient while remaining flexible with
multi-vehicle production capabilities by introducing various
advanced manufacturing technologies.
"What a huge win for San Antonio. This is exactly the kind of
project our city has strategically been preparing for--it shows
we're a competitive region ready for big investment from large
manufacturers," said San Antonio Mayor Ron Nirenberg. "Toyota's
investment in our people and our city creates opportunity that can
change the lives of an entire generation."
"We've seen for nearly twenty years the kind of impact Toyota has
had on our workforce. This latest investment shows the company's
commitment to our future," added Bexar County Judge Nelson Wolff.
"In addition, Toyota along with Bexar County have partnered to
develop TXFAME, an innovative program developing Advanced
Manufacturing Technicians. Our workforce makes us competitive for
big global manufacturers--we have what it takes to help them grow
and prosper in South Central Texas."
According to a study commissioned by the San Antonio Economic
Development Foundation, total economic impact of these investments
will surpass $10 billion with an employment multiplier of over
40,000 jobs over the next ten years for the region.
This is Toyota's third investment at its San Antonio truck plant
which assembles the full-size Tundra and mid-size Tacoma pickup
trucks; the facility directly employs more than 3,200 team members.
Including its 23 on-site suppliers, total employment at the plant's
site tops 7,200.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has been making cars since 1937. Today,
Toyota proudly employs 370,000 employees in communities around the
world. Together, they build around 10 million vehicles per year in
29 countries, from mainstream cars and premium vehicles to
mini-vehicles and commercial trucks, and sell them in more than 170
countries under the brands Toyota, Lexus, Daihatsu and Hino. For
more information, please visit www.toyota-global.com.
Source: Toyota Motor Corporation
Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926
Copyright 2019 JCN Newswire . All rights reserved.
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