Toyota to invest $ 391 million in its assembly plant in San Antonio

Specifications:

Name:

Toyota to invest $ 391 million in its assembly plant in San Antonio

Location:

Usa

Company:

Toyota

Estimated Cost:

$ 391 million

Source:

toyota.com

Introduction:

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.

Featurers:

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.

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.

The 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.