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Industrialinfo.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0027 OCT 22,2001 2:01 PACIFIC 05:01 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Toyota Motor Manufacturing North America Nears Completion of $800 Million Expansion in Princeton, Indiana, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 22, 2001--The following is an advisory by Industrialinfo.com (Industrial Information Resources, Inc.; Houston, Texas). Toyota Motor Manufacturing North America (Erlanger, KY), a division of Toyota Motor Corporation (Aichi Prefecture, Japan) (NYSE:TM) is nearing completion of an $800 million expansion at its Princeton, Indiana assembly plant. Located on 1,160 acres, the original plant was built in 1998 and is the sole manufacturer of the new Tundra full-size pickup truck. The Tundra is Toyota's first entry into the full-size truck market and the Princeton plant produced 56,176 Tundras in 1999 for U.S. and Canadian export markets. Construction started in the spring of 2001 to expand the original 2 million square foot facility by adding 1.8 million square feet. The investment of $800 million at this facility will raise the annual production capacity of Tundras and Sequoias from 120,000 units to 200,000 units. The facility houses operations in stamping, body welding, painting, plastics and assembly of the Tundra pickup truck, Sequoia full-size sport utility vehicle, and the Sienna minivan, which is scheduled to start production in 2003. Once this expansion is complete, Toyota's investment at Princeton, Indiana will total $2 billion, with a capacity of 300,000 units and employment expectancy of 4,300 people. Employment is currently 2,460 at this facility. Toyota employs more than 30,000 people in North America, including approximately 20,000 at its manufacturing plants in California, Indiana, Kentucky, Missouri, West Virginia, and Ontario and British Columbia in Canada. Once the Indiana-built Sequoias debut, Toyota will produce eight vehicles in North America; including the Avalon, Camry, Camry Solara, Corolla, Sequoia, Sienna, Tacoma and Tundra. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities in the Industrial Manufacturing industry as well as other industrial sectors send inquiries to industrialmanufacturinggroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--CM/na* CONTACT: Industrial Information Resources Inc., Houston Joseph Govreau, 713/783-5147 www.industrialinfo.com KEYWORD: INDIANA TEXAS INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING SOURCE: Industrial Information Resources, Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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