Toyota Invests $27 Million To Expand Manufacturing Capabilities At Long Beach Facility
Last week, Toyota Motor North America announced a $27 million investment to support an effort to increase production capabilities for the automaker.
“Toyota’s roots in California run deep,” said Chris Reynolds, executive vice president, Corporate Resources at TMNA. “This investment demonstrates our continued commitment to doing business in the Golden State, investing in our operations across the United States and building where we sell.”
The company’s investment will be used to equip TABC with the first coil-fed laser blanking line for TMNA, expanding blanking capabilities to include steel and aluminum on the same line while increasing capacity to cut over 5.6 million blanks per year. The investment will also enable TABC to better support production of the Tacoma at TMNA facilities in Baja, California, and Guanajuato, Mexico.
Furthermore, the new technology and expanded capabilities provided by the investment will also support the transition of 25 TABC variable employees to permanent positions with Toyota. The TABC facility was founded in 1972 and is Toyota’s oldest plant in North America. Its primary function is to support the stamping and welding of parts for Tacoma and past model service parts for multiple North American-produced Toyota vehicles.
“Today’s investment reflects our team’s pledge to produce high-quality products for Toyota vehicles assembled in North America,” said TABC president Jim Zehmer. “We look forward to continuing our critical role in Toyota’s continued growth.”
The facility currently employs more than 350 people and, as a result of this announcement, will represent a $485 million investment in total. Toyota plans to have its 10th plant in North Carolina begin to manufacture batteries for electrified vehicles by 2025. As it stands today, the company has more electric cars on the road than any other automaker, with a quarter of the company’s 2021 U.S. sales attributed to electrified vehicles.