$11 million investment and 25 jobs created to meet Toyota’s growing North American demand.
Troy, Mo. (August 30, 2013) – When Toyota broke ground in Troy, Mo. in 1991 to build the plant that would supply cylinder heads for the Camry, the 4,000 citizens of Troy had little idea how their community would grow. After two decades, and nearly 50 million castings later, Bodine Aluminum-produced engine parts go into 11 of 12 Toyota and Lexus models assembled in North America. The City of Troy has grown rapidly and now has more than 10,000 citizens making Lincoln County the second fastest growing County in Missouri.
To meet the continued growth in consumer demand, today Toyota announced an investment of $11 million in Bodine’s Troy, Mo. plant and $1 million in Jackson, Tenn. to supply Toyota’s powertrain plant in West Virginia. Toyota will boost 6-speed automatic transmission assembly and machining capacity production by 20,000 per month at the West Virginia plant starting in 2015. This project will create 25 jobs in Missouri. Bodine’s total investment is more than $650 million and employs nearly 1,100 at its three locations.
“This latest investment helps us better serve our North American customers and prepares us for an even brighter future,” said Robert Lloyd, president & CEO, Bodine Aluminum. “We look forward to serving the West Virginia plant, and ultimately, our loyal customers who drive Toyotas every day.”
The Governor visited the Missouri plant yesterday to celebrate the growth at Bodine and the economic impact that growth provides. Since 2012, Toyota has invested more than $50 million in Troy, adding over 65 jobs and generating State and Federal funds to the City of Troy for the re-construction of Cherry Blossom Way. This road, originally intended for the truck traffic for Bodine, has become a thoroughfare for the entire community and will be re-designed to support three lanes of traffic increasing road safety. View pictures from the Governor’s visit here http://troyonthemove.com/2013/08/nixon-blaine-visit-toyota-bodine/.
“This expansion at Bodine Aluminum’s facility in Troy marks another important milestone for Bodine and Toyota, for this community, and for Missouri’s resurgent automotive manufacturing industry,” Governor Jay Nixon said. “As a state, we will keep pursuing proven, fiscally responsible policies and making smart, strategic investments to move this industry and our economy forward, so that auto industry jobs in Troy and throughout Missouri can continue to grow.”
Bodine Aluminum is one part of today’s announcement of Toyota’s combined $102 million investment in manufacturing facilities to meet increased consumer demand for Toyotas and the engines that power them. Bodine produces cylinder heads, engine blocks, engine brackets and automatic transmission casing and housing.
This marks Toyota’s eleventh manufacturing investment in North America over the past 21 months that now totals more than $2.1 billion and the addition of more than 4,000 jobs.
Toyota, the world’s top automaker and creator of the Prius, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands. Over the past 50 years, we’ve built more than 25 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ nearly 40,000 people (more than 37,000 in the U.S.). Our 1,800 North American dealerships sold more than 2.3 million cars and trucks in 2012 – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today.
Toyota Motor Engineering and Manufacturing North America, Inc. (TEMA), headquartered in Erlanger, KY., is responsible for Toyota’s engineering design, development, R&D and manufacturing activities in North America. TEMA’s Toyota Technical Center (TTC) operates engineering, research and development facilities in Ann Arbor, MI, including Toyota’s Collaborative Safety Research Center (CSRC.) Toyota partners with philanthropic organizations across the country, with a focus on education, safety and the environment. As part of this commitment, we share the company’s extensive know-how garnered from building great cars and trucks to help community organizations and other nonprofits expand their ability to do good. (NYSE:TM) For more information about Toyota, visit www.toyotanewsroom.com