Toyota Indiana Completes Transformation of Plant Modernization Project | Financial Buzz

Toyota Indiana Completes Transformation of Plant Modernization Project

Toyota Indiana has invested an additional USD 700 Million and employed 150 people to complete its plant modernization project that was previously announced in January 2017.  The project added 550 new jobs and boasts a total investment of USD 1.3 Billion.  The investment funds went towards retooling, new equipment installations and advanced manufacturing technologies to modernize the facility and meet demand for the new 2020 Toyota Highlander. 
Toyota is also committed to invest USD 13 Billion in U.S. operations within a five-year period through 2021.  Currently, Toyota has allocated USD 7.1 Billion of the total USD 13 Billion. 

“Hoosier manufacturers are driving our economy forward, building the products that power our world every day,” said Governor Eric Holcomb.  “For more than 20 years, Toyota has been providing quality career opportunities and helping train Indiana’s future workforce. I am so grateful that Toyota remains committed to Indiana, and am thankful for all they are doing to continue making Indiana the best place to live, work and play.”

“Part of Toyota’s tremendous success in North America is building vehicles where we sell them,” said Christopher Reynolds, chief administration officer, manufacturing and corporate resources for 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.”

“This program will allow students to get a jump start on their careers while receiving hands-on training with industry experts and educators,” said Leah Curry, Toyota Indiana plant president. “By collaborating with our local schools, we are creating a workforce solution—but, more importantly—providing greater visibility to student career options and pathways in the region.”