Toyota Indiana to invest $100m in PrincetonStaff writer ▼ | August 25, 2014
Toyota Indiana plans to invest $100 million to expand its operations campus in Princeton, Indiana, creating up to 300 new jobs by 2016.
Creating up to 300 new jobs Global supply base for SUVs and minivans
This step allows Toyota to utilize existing capacity in North America while providing additional flexibility to adjust its product mix to meet changing customer demand. This expansion will bring Toyota Indiana's overall investment to $4 billion.
"The Highlander has been a great product for our plant," said Norm Bafunno, president of Toyota Indiana.
"Establishing Highlander as the bridge vehicle, as we call it, between the East and West plants increases our ability to meet customer needs for all of our outstanding products. This exciting news is a true testament to the capability of our hard-working and dedicated team members."
Established in Gibson County in 1996, Toyota's Princeton plant was the second recognized wholly-owned Toyota plant in North America. Toyota Indiana, the sole producer of Highlander in North America, also exports it to Australia, New Zealand and Eastern Europe. The Sienna is shipped to South Korea, Pacific islands and other countries, and the Sequoia is exported to the Middle East, making the Indiana plant a global supply base for SUVs and minivans.
Toyota Indiana currently employs approximately 4,700 associates, of which approximately 84 percent are Hoosiers. ■