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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Toyota expanding manufacturing plant with $391M investment

Toyota plans to upgrade its manufacturing technologies within the plant, and the footprint may expand in some areas as a result. Although no timeline was provided, Toyota estimates its total investment in the plant will exceed $3 billion when complete.

San Antonio beat out nine other U.S plants for a $391 million expansion that will bring advanced manufacturing capabilities to its assembly plant and  more supplier companies to the region over the next five years, company officials said.

Given the upgrades in technology, Toyota does not plan to add any new jobs, however, a large number of indirect jobs via its suppliers are to be expected.

Click here to read the full article:Toyota to invest $391 Million in San Antonio Truck Plant (Rivard Report, Sep. 17, 2019)

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