Toyota injects a new investment of $ 391 million in its assembly plant in San Antonio

18 September 2019

Through its commitment to the manufacture of vehicles where they are sold, Toyota makes an investment of $ 391 million in its truck assembly plant in San Antonio To better serve your customers. Once completed, the total investment in the plant will exceed $ 3 billion .

Today's announcement is part of Toyota's broader commitment to invest $ 13 billion in its operations in the United States for five years until 2021. This new investment also brings with it a commitment from Toyota Texas to continue financing the development of the force. local labor, a need of the community that the company has supported for a long time.

As part of Toyota's commitment to help San Antonio's education and workforce , Alamo Promise will receive a $ 500,000 donation from Texas over a period of five years. Alamo Promise's mission is to eradicate poverty, improve economic and social mobility, and meet the demands of the city's workforce.

Separately, Aisin AW, a supplier of Toyota Texas and other vehicle manufacturers, announced that it will invest $ 400 million and create 900 new jobs at a future facility in the nearby town of Cibolo, TX.

"The Lone Star State continues to grow its reputation as a manufacturing giant thanks to the investments of innovative companies such as Toyota and Aisin AW," said Governor Greg Abbott . "Its combined new investments of nearly $ 800 million in the San Antonio area are testament to the unparalleled workforce and Texas's commitment to create an environment where businesses can flourish free from the heavy hand of regulations and excessive taxes from the United States. government, I thank Toyota and Aisin AW for bringing more jobs to the Lone Star State and I hope our strong partnership continues to strengthen. "

"Our presence in the United States goes back more than 60 years and we have created a tremendous value chain in this country, in addition to establishing a vast presence in Alamo City since 2003," said Chris Reynolds , managing director of manufacturing and corporate resources at Toyota Motor North America. "With 10 plants in the United States, a network of 1,500 dealers, an extensive supply chain and other operations, we directly and indirectly employ more than 475,000 Americans and are committed to investing here."

This new investment in Toyota Texas is made in response to strong customer demand and will allow the plant to be even more competitive in the long term and also more efficient, while remaining flexible with production capabilities for multiple vehicles through Introduction of various advanced manufacturing technologies.

"This is an extraordinary achievement for San Antonio . It is exactly the kind of project for which our city has been strategically preparing — it shows that we are a competitive region ready to receive large investments from large manufacturers," said Ron Nirenberg , mayor of San Antonio . "Toyota's investment in our people and in our city creates opportunities that can change the lives of an entire generation."

"For almost twenty years we have seen the kind of impact Toyota has had on our workforce. This latest investment demonstrates the company's commitment to our future," said Nelson Wolff , Bexar County Judge . "In addition, Toyota has partnered with Bexar County to develop TXFAME, an innovative program to develop technicians in advanced manufacturing. Our workforce makes us competitive for large global manufacturers — we have what it takes to help them grow and prosper. in the south central region of Texas . "

According to a study commissioned by the San Antonio Foundation for Economic Development , the total economic impact of these investments will exceed $ 10 billion with a job multiplier of more than 40,000 jobs over the next ten years in the region.

This is Toyota's third investment in its San Antonio truck plant , where Tundra full-size and medium-sized Tacoma pickup trucks are assembled; The facility directly employs more than 3,200 team members. With the inclusion of its 23 suppliers on site, total employment at the plant site exceeds 7,200 jobs.

About Toyota
Toyota  has been part of the cultural fabric in the United States and North America for over 60 years, and is committed to advancing next-generation sustainable mobility through our Toyota and Lexus brands. During that time, Toyota has created a huge value chain while our teams have contributed to a world-class design, engineering and assembly of more than 38 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama(10 in the United States) and we directly employ more than 47,000 people (more than 36,000 in the United States). Our 1,800 dealers in North America (almost 1,500 in the United States) sold more than 2.8 million cars and trucks (2.4 million in the United States) in 2018.

Through its Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and government organizations to address the most pressing mobility issues in our society. We believe that when people have the freedom to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com .

Toyota Texas contacts:
Melissa Sparks (210) 501-6038
Luisa Casso (210) 268-2732

 

Source: prnewswire.com