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Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA), announced that its Alabama engine plant and Bodine Aluminum casting plants (one in Troy) will invest a combined $200 million to boost machining capacity and engine parts production for V6 engines.
The announcement represents Toyota’s ninth manufacturing investment in North America over the past two years that now totals more than $2 billion. The result of this new investment is more than 4,000 new jobs solidifying Toyota’s commitment to designing, developing and assembling vehicles in the region.
Toyota Alabama will hire approximately 125 upon completion of its current $80 million V6 engine assembly expansion by early 2014; its total employment will be 1,150.
Toyota Alabama currently assembles 4-cylinder, V6 and V8 engines for eight of 12 Toyota vehicles assembled in North America. It is the only Toyota plant globally to produce these three types of engines under one roof.
Bodine Aluminum, wholly-owned by Toyota Motor Corporation and a manufacturer of casting parts, will invest $50 million and create a total of 40 new jobs at its plant in Troy, Mo., and 10 new jobs at its plant in Jackson, Tenn., to provide cylinder heads and blocks to Toyota Alabama. Bodine’s total investment will top $650 million and will employ nearly 1,100 at its three locations once the machining project begins.
Bodine also provides cylinder heads and blocks to Toyota’s engine manufacturing facilities in Kentucky and West Virginia.
“Bodine’s 100 years as a successful American manufacturer is a direct result of our exceptional workforce in Missouri and Tennessee,” said Bob Lloyd, president of Bodine. “We look forward to serving our customer in Alabama, and ultimately, our loyal customers who drive Toyotas every day.”