Toyota Invests $30 Million in Indiana Plant for 2014 Highlander
Investment Adds 200 New Jobs, Increases Volume by 15,000 Units
Toyota continues building its U.S. manufacturing base with a $30 million investment in the Toyota Motor Manufacturing Indiana (TMMI) plant in Princeton, Indiana. The latest investment is targeted at expanding the capacity of the plant specifically for the 2014 Toyota Highlander midsize three-row crossover.
The investment will create 200 new jobs at the plant, and will increase the plant's production volume by 15,000 units. This will bring TMMI's total capacity to 365,000 units per year, and total employees to 4700, as well as bringing total investment into the Princeton facility to a combined $4.2 billion.
The plant will begin producing the 2014 Toyota Highlander Hybrid later in the 2014 model year, but the additional investment and expansion is targeted primarily for the non-hybrid Highlander. In addition to North American markets, the 2014 Highlander will begin export to Russia and Australia later in 2013.
In addition to the Highlander, TMMI also builds the Sequoia full-size SUV and Sienna minivan. The Princeton investment announcement is the 10th in the last 20 months, which included investments in key engine manufacturing facilities in Alabama and West Virginia and investments at Toyota's U.S. flagship Georgetown, Kentucky, plant.