Toyota Motor Corp. reportedly will invest $90 million to expand its manufacturing plant at Buffalo, W.Va., known as Toyota Motor Manufacturing West Virginia Inc. The plant manufactures four- and six-cylinder engines and automatic transmissions, and the goal of the project is to double its capacity for six-speed automatic transmissions by 2015.
This will be the eighth expansion of the plant since it opened in 1996. The investments will cover new machining and assembly equipment, according to reports.
TMMWV produces engines for the Toyota Avalon, Camry, Lexus RX350, Sienna and Venza models, and 500,000 transmissions per year for various models. The new investment would increase production to 740,000 transmissions.
“This capacity increase helps us meet growing North American demand and is a part of our localization strategy to ‘build where we sell,’” stated Millie Marshall, TMMWV senior vice president of manufacturing and administration. “This latest investment helps us better serve our North American customers and prepares us for an even brighter future.”
The first announcement was made by West Virginia Governor Earl Ray Tomblin at a meeting of the West Virginia Chamber of Commerce. The governor noted the plan would create about 80 new jobs at the plant. Current employment there is estimated at 1,300