Toyota invests additional $391 million in San Antonio truck assembly plant
September 18, 2019
Toyota Motor North America has reaffirmed its commitment to invest $13 billion in its US operations over five years through 2021 with the injection of $391 million of funds into its truck assembly plant in San Antonio, Texas, USA. Once complete, the group’s total investment in this plant to date will exceed $3 billion.
“We’ve been in the US for more than sixty years, creating a tremendous value chain in this country and creating an extensive footprint in the Alamo City since 2003,” stated Chris Reynolds, Toyota Motor North America’s Chief Administrative Officer of Manufacturing and Corporate Resources.
“With ten US plants, 1,500-strong dealer network, an extensive supply chain and other operations, we directly and indirectly employ over 475,000 Americans and are committed to investing here,” he concluded.
This new investment at Toyota Texas is said to be in response to strong customer demand and will make the plant more competitive in the long-term and more efficient while remaining flexible with multi-vehicle production capabilities by introducing various advanced manufacturing technologies.
Toyota’s San Antonio truck plant assembles the group’s full-size Tundra and mid-size Tacoma pickup trucks. It employs more than 3,200 team members, and – including twenty-three on-site suppliers – total employment at the plant’s site is said to be more than 7,200.