Automaker to Manufacture Additional Automatic Transmissions04/29/2005 Buffalo, WV -- Toyota announced today a $120 million expansion of its engine and transmission plant here, boosting employment by 150 to about 1,150. Beginning in 2007, Toyota Motor Manufacturing, West Virginia (TMMWV) will build 240,000 additional automatic transmissions per year. This will bring the plant's total automatic transmission capacity to 600,000 units. The fifth TMMWV expansion will increase total investment to more than $920 million."Toyota's West Virginia power train plant is an integral piece of Toyota's growing North American manufacturing operations," said Atsushi Niimi, president and CEO of Toyota Motor Manufacturing North America. "Today's announcement is a testament to the skill and hard work of our West Virginia team members and the support of this community." "Our West Virginia team members are world class in both quality and productivity," said David Copenhaver, vice president and secretary for TMMWV. "They successfully maintain very stringent quality standards, with tolerances the width of a strand of human hair, yet they are a benchmark in the industry for productivity." "These are the type of good-paying jobs with health care benefits that we're looking for more of in West Virginia," said West Virginia Governor Joe Manchin. "Toyota has become a tremendous member of West Virginia's business community and their commitment today to continue their expansion in our state sends a message across the country and around the world that West Virginia's workforce is top of the line and our state is definitely open for business." "Since my first meeting with Toyota over 20 years ago, I knew that they were a perfect fit for West Virginia, and this expansion proves that once again," said U.S. Senator Jay Rockefeller. "I know all West Virginians take pride as I do in our Toyota workforce, and we'll be working to bring even more great Toyota jobs to our state. Toyota is one of the flagship companies in West Virginia's manufacturing industry, and one of the most successful, innovative and exciting companies in the world. Together, West Virginia and Toyota are competing and winning." U.S. Congresswoman Shelley Moore Capito noted, "I am proud of Toyota as they continue their commitment to bringing jobs to West Virginia and investing in their Buffalo plant. One of the reasons Toyota has been successful in West Virginia is because of the caliber of the worker. West Virginia's workforce is made up of hardworking individuals who bring their best to the job everyday. Toyota's success should be an incentive for more companies to invest in West Virginia." Since the plant was first announced back in 1996, employment has nearly quadrupled. TMMWV currently machines and assembles four-cylinder engines for the Toyota Corolla and Matrix; V6 engines for the Toyota Sienna and Lexus RX330; and automatic transmissions for Toyota's North American-built Camry, Solara, Sienna and Lexus RX330. In April 2004, TMMWV officials announced an expansion to manufacture automatic transmission gears, slated to begin in 2006. Toyota currently has five vehicle manufacturing plants and six power train and component plants in North America. In addition, two new plants are under construction – in San Antonio, Texas and Jackson, Tennessee. By 2006, Toyota will have the capacity to build 1.66 million cars and trucks a year and 1.44 million engines in North America. Toyota currently employs over 37,000 people throughout North America. The company's direct investment is over $16.6 billion with annual parts, materials, goods and services purchased from North American suppliers totaling over $25 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra, and the Lexus RX 330. |