Toyota Completes Modernization Project
Jan. 20, 2020—Toyota Indiana invested an additional $700 million and added 150 new jobs to complete the transformation of its plant modernization project, announced in January 2017.
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.
The news was announced at a celebration in Princeton, Ind., where the all-new 2020 Highlander recently began production. 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.
"This program will allow students to get a jump start on their careers while receiving hands-on training with industry experts and educators," said Leah Curry, Toyota Indiana plant president. "By collaborating with our local schools, we are creating a workforce solution—but, more importantly—providing greater visibility to student career options and pathways in the region."