Toyota To Build New NA Plant
06-27-05 | 07:19 PM
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Toyota To Build New NA Plant
Toyota Plans to Build
New North America Plant
By NORIHIKO SHIROUZO
Staff Reporter of THE WALL STREET JOURNAL
June 27, 2005 5:45 a.m.
Toyota Motor Corp. announced Monday plans to build its seventh vehicle assembly plant in North America.
"We are in the final stages" of the plans, said Katsuaki Watanabe, whose appointment won shareholders' approval last week. He didn't give details but said a formal announcement will be made soon.
According to people familiar with the move, the plant will be located near Woodstock, Ontario, due in part to a total of 125 million Canadian dollars (US$101.4 million) in incentives provided by the province and Canada's federal government.
The new plant will likely build a number of small vehicles, perhaps including the Toyota Rav4 cross-over and models for Toyota's youth-oriented Scion brand. The plant is expected to create 1,000 to 1,500 jobs initially, although the number is expected to increase as the factory adds more products and increases production gradually, these people said.
The move to expand North American production comes as Ford Motor Co. and General Motors Corp., and their two biggest suppliers, Visteon Corp. and Delphi Corp., are looking to close plants and eliminate thousands of jobs. The third member of Detroit's Big Three auto makers, DaimlerChrysler AG's Chrysler Group, has seen sales and market share rise thanks to a couple of hot models like the 300 sedan.
Mr. Watanabe, 63 years old, who appeared with his new management team at a Tokyo hotel, declined to comment on GM and Ford.
A number of factors favored the Canadian province over certain U.S. states, at least at this time. Among them, some Toyota executives have cited the value of spreading plants more widely across North America to reduce what one manufacturing chief called "geographic risks."
Toyota has three assembly plants in the U.S., with a fourth slated to open in San Antonio in late 2006. It also has one assembly factory each in Canada and Mexico.
One advantage of the site was its proximity to a Toyota plant in Cambridge, Ontario, where Toyota produces such vehicles as the Matrix hatchback and the Lexus RX 330 cross-over. The new plant, the people said, will likely share administrative staff with the Cambridge plant to reduce costs.
Canada's lower wages and other costs to operate a plant gave southern Ontario an advantage, as did the C$70 million of incentive money the province was willing to provide in wooing Toyota. Canada's federal government is expected to shoulder C$55 million, the people said.
Expanding production capacity is an urgent task Toyota faces because sales are rising rapidly in North America.
Go TOYOTA!
New North America Plant
By NORIHIKO SHIROUZO
Staff Reporter of THE WALL STREET JOURNAL
June 27, 2005 5:45 a.m.
Toyota Motor Corp. announced Monday plans to build its seventh vehicle assembly plant in North America.
"We are in the final stages" of the plans, said Katsuaki Watanabe, whose appointment won shareholders' approval last week. He didn't give details but said a formal announcement will be made soon.
According to people familiar with the move, the plant will be located near Woodstock, Ontario, due in part to a total of 125 million Canadian dollars (US$101.4 million) in incentives provided by the province and Canada's federal government.
The new plant will likely build a number of small vehicles, perhaps including the Toyota Rav4 cross-over and models for Toyota's youth-oriented Scion brand. The plant is expected to create 1,000 to 1,500 jobs initially, although the number is expected to increase as the factory adds more products and increases production gradually, these people said.
The move to expand North American production comes as Ford Motor Co. and General Motors Corp., and their two biggest suppliers, Visteon Corp. and Delphi Corp., are looking to close plants and eliminate thousands of jobs. The third member of Detroit's Big Three auto makers, DaimlerChrysler AG's Chrysler Group, has seen sales and market share rise thanks to a couple of hot models like the 300 sedan.
Mr. Watanabe, 63 years old, who appeared with his new management team at a Tokyo hotel, declined to comment on GM and Ford.
A number of factors favored the Canadian province over certain U.S. states, at least at this time. Among them, some Toyota executives have cited the value of spreading plants more widely across North America to reduce what one manufacturing chief called "geographic risks."
Toyota has three assembly plants in the U.S., with a fourth slated to open in San Antonio in late 2006. It also has one assembly factory each in Canada and Mexico.
One advantage of the site was its proximity to a Toyota plant in Cambridge, Ontario, where Toyota produces such vehicles as the Matrix hatchback and the Lexus RX 330 cross-over. The new plant, the people said, will likely share administrative staff with the Cambridge plant to reduce costs.
Canada's lower wages and other costs to operate a plant gave southern Ontario an advantage, as did the C$70 million of incentive money the province was willing to provide in wooing Toyota. Canada's federal government is expected to shoulder C$55 million, the people said.
Expanding production capacity is an urgent task Toyota faces because sales are rising rapidly in North America.
Go TOYOTA!
06-30-05 | 11:05 AM
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From: Canada
It's Official: Toyota to Expand in Canada
First New Site for Auto Assembly Plant in Canada in Almost 20 Years
New plant to employ 1,300 team members; manufacture the RAV4
WOODSTOCK, Ontario, June 30 -- Toyota announced today that it will construct a new plant here employing 1,300 team members to build the RAV4 sport utility vehicle. The new plant represents an approximate C$800 million/US$650 million investment and will be Toyota's second Canadian assembly plant. It is the first green field automotive assembly facility in Canada in almost 20 years.
Additionally, Toyota announced an expansion of Canadian Autoparts Toyota, Inc. (CAPTIN) in Delta, British Columbia. As a result of the C$39.0 million/US$31.6 million expansion, wheel capacity at the facility will increase by nearly 17 percent per year, starting in July 2007.
The new plant will open in 2008 and will have the capacity to build 100,000 units annually. Toyota Motor Manufacturing, Canada, Inc. (TMMC) in nearby Cambridge, Ontario, will manage the plant. TMMC builds the Toyota Corolla and Matrix and the Lexus RX330 in Cambridge, where it employs 4,300 team members.
This new facility will boost Toyota's manufacturing employment in Ontario to about 5,600.
Katsuaki Watanabe, named president of Toyota Motor Corporation (TMC) on June 23, discussed the new investment via videotape broadcast during the announcement.
"Twenty years ago, Toyota management made two profound decisions. We decided to make a sweeping commitment to manufacturing in North America. And we decided that Canada would be a core part of that commitment," he said. "This expansion will strengthen our ties further with suppliers and with other partners across North America."
Atsushi Niimi, the recent former president of Toyota Motor Manufacturing North America (TMMNA) and now a senior managing director of Toyota Motor Corporation (TMC), noted the benefits of the Woodstock location.
"This location allows us to capitalize on our outstanding operation 40 kilometres away in Cambridge. Its proximity to suppliers on both sides of the border will benefit both countries and it will mean new opportunities for those suppliers. Jobs will be created across North America," he said.
TMMC president Ray Tanguay, recently named a TMC managing officer, applauded the efforts and success of the existing Canadian work force and the job creation efforts of government officials.
"Today's announcement is truly a milestone," he said. "It is recognition of almost 17 years of manufacturing success in Cambridge, Ontario and opens the page to a whole new chapter for Toyota in Canada. As a Toyota team member, I am obviously pleased. As a Canadian, I can't think of a better way to kick off a national holiday."
TMMC has been manufacturing vehicles in Cambridge since November 1988. Original capacity was 50,000 units annually. By 2004, production had climbed to 288,000 units.
By 2008, Toyota will have the annual capacity to build 1.76 million cars and trucks, 1.44 million engines, and 600,000 automatic transmissions in North America. The company's direct employment is 37,000 and direct investment is nearly US$16.6 billion with annual purchasing of parts, materials, goods and services from North American suppliers totaling nearly US$25 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra, and the Lexus RX330.
source : theautochannel
New plant to employ 1,300 team members; manufacture the RAV4
WOODSTOCK, Ontario, June 30 -- Toyota announced today that it will construct a new plant here employing 1,300 team members to build the RAV4 sport utility vehicle. The new plant represents an approximate C$800 million/US$650 million investment and will be Toyota's second Canadian assembly plant. It is the first green field automotive assembly facility in Canada in almost 20 years.
Additionally, Toyota announced an expansion of Canadian Autoparts Toyota, Inc. (CAPTIN) in Delta, British Columbia. As a result of the C$39.0 million/US$31.6 million expansion, wheel capacity at the facility will increase by nearly 17 percent per year, starting in July 2007.
The new plant will open in 2008 and will have the capacity to build 100,000 units annually. Toyota Motor Manufacturing, Canada, Inc. (TMMC) in nearby Cambridge, Ontario, will manage the plant. TMMC builds the Toyota Corolla and Matrix and the Lexus RX330 in Cambridge, where it employs 4,300 team members.
This new facility will boost Toyota's manufacturing employment in Ontario to about 5,600.
Katsuaki Watanabe, named president of Toyota Motor Corporation (TMC) on June 23, discussed the new investment via videotape broadcast during the announcement.
"Twenty years ago, Toyota management made two profound decisions. We decided to make a sweeping commitment to manufacturing in North America. And we decided that Canada would be a core part of that commitment," he said. "This expansion will strengthen our ties further with suppliers and with other partners across North America."
Atsushi Niimi, the recent former president of Toyota Motor Manufacturing North America (TMMNA) and now a senior managing director of Toyota Motor Corporation (TMC), noted the benefits of the Woodstock location.
"This location allows us to capitalize on our outstanding operation 40 kilometres away in Cambridge. Its proximity to suppliers on both sides of the border will benefit both countries and it will mean new opportunities for those suppliers. Jobs will be created across North America," he said.
TMMC president Ray Tanguay, recently named a TMC managing officer, applauded the efforts and success of the existing Canadian work force and the job creation efforts of government officials.
"Today's announcement is truly a milestone," he said. "It is recognition of almost 17 years of manufacturing success in Cambridge, Ontario and opens the page to a whole new chapter for Toyota in Canada. As a Toyota team member, I am obviously pleased. As a Canadian, I can't think of a better way to kick off a national holiday."
TMMC has been manufacturing vehicles in Cambridge since November 1988. Original capacity was 50,000 units annually. By 2004, production had climbed to 288,000 units.
By 2008, Toyota will have the annual capacity to build 1.76 million cars and trucks, 1.44 million engines, and 600,000 automatic transmissions in North America. The company's direct employment is 37,000 and direct investment is nearly US$16.6 billion with annual purchasing of parts, materials, goods and services from North American suppliers totaling nearly US$25 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra, and the Lexus RX330.
source : theautochannel
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