Several automotive suppliers will set up operations on the site of the new Toyota plant in San Antonio, Texas.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The supplier companies will add 1,000 jobs to the 2,000 already announced by Toyota Motor Manufacturing, Texas (TMMTX). Supplier investment will be at least $US100 million for buildings and equipment.
While Toyota has not yet released the names of specific supplier companies, at least 10 parts suppliers, plus several service companies will locate at the plant site on Applewhite Road. In addition, many of the parts suppliers will be joint venture companies formed with minority partners, several of which will be from the local area.
This will be the first time Toyota or any other carmaker has had so many automotive suppliers actually on plant property, according to Hidehiko Tajima, president of TMMTX.
In February 2003, Toyota announced that it had chosen a 2000-acre site in San Antonio to build approximately 150,000 Tundra full size trucks annually, beginning in 2006. The new plant will represent an $800 million investment and is expected to bring 2,000 new jobs to Texas and indirectly create work for many more.
