Automotive Manufacturer Invests $62 Million In Missouri Plant
- March 22, 2019
Toyota recently announced plans to invest $62 million at its Bodine Aluminum plant in Troy, Missouri. The investment comes as part of Toyota’s larger investment of $750 million across five U.S. plants.
“These latest investments represent even more examples of our long-term commitment to build where we sell,” said Jim Lentz, chief executive officer for Toyota Motor North America. “By boosting our U.S. manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity.”
Toyota said the investments at the Troy plant will provide equipment that allows it to produce an additional 864,000 cylinder heads, used in every Toyota and Lexus manufactured in the U.S. The Troy plant’s 900 employees currently produce more than 3 million cylinder heads a year.
You can learn more about Missouri’s strengths in automotive manufacturing on our industry page here.
For more information on why Missouri could be a prime location to launch or grow your business, contact Subash Alias, Interim CEO of Missouri Partnership, at 314.932.3973 or via our contact form. We’d be happy to answer any questions you might have, and show you how Missouri Partnership can help with your business expansion, collaboration and investment needs.
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