|
|
 |
 |
||||||
|
November 22, 2006 This Week:
© 1998 - 2006
Copyright & |
The plant's investment was originally estimated at $800 million, but grew to approximately $1.28 billion because of a capacity expansion for 50,000 more trucks; rising material costs, especially for steel; and additional infrastructure needed for the on-site suppliers.
Additionally, the 2,000-acre site houses 21 suppliers who produce parts and components and ship them directly into the plant. The on-site suppliers include seven minority-owned joint ventures, will employ 2,100 at full production, and have cumulatively invested approximately $300 million. "The full-size pickup truck market is, by far, the single-largest opportunity for Toyota's future growth plans in the U.S.," said Don Esmond, senior vice president of automotive operations, Toyota Motor Sales, U.S.A., Inc. "Thanks to this highly-efficient plant, the in-house suppliers and all the team members, we plan to take full advantage of that opportunity. The new Tundra will arrive in showrooms in February. Our production and sales goals are ambitious, yet realistic, and reflect our confidence in the product." "When Toyota announced it would build a plant in Texas, it was the shot in the arm we needed to transform our economy and begin creating jobs in Texas again," said Texas Governor Rick Perry. "Today employment is at an all-time high, we have a record state surplus and the Texas economy is leading the nation. Toyota is an important part of the Texas economic revival because their investment means thousands of jobs and millions of dollars in wages for Texas families." (November 17, 2006)
|
||||||
