Toyota Finishes Plant Modernization

By Staff Writer January 21, 2020

Toyota Indiana (TMMI) invested an additional $700 million and added 150 new jobs to complete the transformation of its plant modernization project, announced in January 2017. 

Toyota Indiana Completes $1.3 Billion Modernization Project; Includes 550 New Jobs

The project adds 550 new jobs and represents a total new investment of $1.3 billion, which was used for retooling, new equipment installation and advanced manufacturing technologies to further modernize the facility and meet strong demand for the all-new 2020 Toyota Highlander. Since 1996, Toyota Indiana's total investment is approximately $5 billion and total employment exceeds 7,000. The plant has the capacity to assemble more than 420,000 vehicles annually.

This new investment is part of a broader commitment from Toyota to invest $13 billion in its U.S. operations over a five-year period through 2021. To date, Toyota has committed approximately $7.1 billion of the announced total; cumulative direct investment in the U.S. exceeds $28.4 billion.

In addition to the plant investment, Toyota Indiana committed $1 million to a new, regional workforce program that will connect students with career opportunities in advanced manufacturing while still in high school.

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Last modified on Tuesday, 21 January 2020 18:36

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