Toyota to invest $109M in its Troy, Missouri plant

The money will fund new equipment to build four-cylinder engine heads on three production lines, the company said.

TROY, Mo. — Toyota said Tuesday it will invest $109 million in its cylinder-head plant in Troy, Missouri.

The money will fund new equipment to build four-cylinder engine heads on three production lines, the company said. The 550,000-square-foot plant, in Lincoln County, currently has the capacity to annually build over 3 million cylinder heads, officials said Tuesday in a press release.

The work should be completed by fall 2023, a spokeswoman told the Business Journal. The plant, which currently has just over 1,000 workers, expects to hire about 40 people over the next few months to fill open spots in maintenance and production, she said. 

Terry Henderson, general manager of administration, Toyota Missouri, said in a statement, “We’re proud to build the cylinder heads for Toyota and Lexus vehicles, and we are looking forward to this new project.” 

The investment in Troy is part of $383 million Toyota said it will invest in four of its U.S. manufacturing plants that build what it called “the heart of new Toyota and Lexus vehicles.” The investment supports the production of four-cylinder engines, for both combustion and hybrid electric vehicles, at the plants. 

“Toyota customers want vehicles that are fuel-efficient and electrified,” Norm Bafunno, senior vice president of unit manufacturing and engineering, for Toyota, said in a statement. “These investments allow us to meet customer needs and quickly respond to an evolving market. We are committed to investing in the U.S., and our teams are ready to take on this new challenge.” 

Read the full story on the St. Louis Business Journal…

Read complete post here:
Source link