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Sunday, November 24, 2024

ALABAMA OFFICE OF THE GOVERNOR: Governor Ivey Announces Mazda Toyota Manufacturing to Boost Alabama Investment by $830 Million

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Alabama Office of the Governor issued the following announcement on Aug. 13.

Governor Kay Ivey on Thursday announced that Mazda Toyota Manufacturing (MTM), the joint venture between automakers Mazda Motor Corp. and Toyota Motor Corp., plans to make an additional $830 million investment to incorporate new cutting-edge manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees.

“Toyota’s presence in Alabama continues to build excitement about future opportunities that lie ahead, both for our economy and for the residents of our great state,” Governor Ivey said. “Mazda and Toyota’s increased commitment to the development of this manufacturing plant reiterates their belief in the future of manufacturing in America and the potential for the state of Alabama to be an economic leader in the wake of unprecedented economic change.”

The additional investment brings the total figure in the state-of-the-art facility in Huntsville to $2.311 billion, up from the $1.6 billion originally announced in 2018. The investment reaffirms Mazda and Toyota’s commitment to produce the highest-quality products at all of their production facilities.

The investment also accommodates production line modifications to enhance manufacturing processes supporting the Mazda vehicle and design changes to the yet-to-be-announced Toyota SUV that will both be produced at the Alabama plant.

The new facility will have the capacity to produce up to 150,000 units of a future Mazda crossover model and up to 150,000 units of the Toyota SUV each year.

MTM continues to plan for up to 4,000 new jobs and has hired approximately 600 employees to date, with plans to resume accepting applications for production positions later in 2020.

“Mazda Toyota Manufacturing is proud to call Alabama home. Through strong support from our state and local partners, we have been able to further incorporate cutting-edge manufacturing technologies, provide world-class training for team members and develop the highest quality production processes,” said Mark Brazeal, Vice President of Administration at MTM. “As we prepare for the start of production next year, we look forward to developing our future workforce and serving as a hometown company for many years to come.”

Full-scale construction of the Alabama plant continues, with 75 to 100 percent completion on roofing, siding, floor slabs, ductwork, fire protection and electrical.

“This newest investment by our partners at Mazda Toyota Manufacturing shows the company’s continued confidence in the ability of our community to provide a strong, skilled workforce to meet the demands for quality and reliability,” Huntsville Mayor Tommy Battle said. “We look forward to the day when the first vehicles roll off the line.”

“We are excited to learn of this additional investment being made by Mazda Toyota Manufacturing,” Limestone County Commission Chairman Colin Daly said. “We continue to be grateful to MTM for their belief in our community and look forward to our partnership with them for many years to come.”

Greg Canfield, Secretary of the Alabama Department of Commerce, said MTM’s new investment will magnify the economic impact of a project that is poised to transform the North Alabama region.

“With this enhanced investment, Mazda Toyota Manufacturing USA is adding new technology and capabilities to a manufacturing facility that was already designed to be one of the most efficient factories in the automotive industry,” Canfield said. “We’re confident that the groundbreaking collaboration between Mazda and Toyota will drive growth not only for the companies but also for North Alabama for generations.”

Original source can be found here.

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