West Virginia Executive Spring 2021 June 2021 | Page 59

SPECIAL ADVERTISING SECTION

Moving Forward . Together .

Celebrating 25 years

( 304 ) 937-7000 1 Sugar Maple Lane , Buffalo , WV 25033 www . tourtoyota . com
Toyota Motor Manufacturing West Virginia , Inc . ( TMMWV ) is Toyota ’ s only combined engine and transmission plant in North America . Additionally , TMMWV is the only manufacturing plant in North America to produce hybrid transaxles . The $ 1.8 billion facility employs approximately 2,000 team members under a nearly 2-millionsquare-foot facility . The plant has invested more than $ 10 million in various local philanthropic and educational initiatives over the past two decades . TMMWV is celebrating its 25th anniversary this year .
Established in 1996 , TMMWV manufactures nearly 1 million engines and transmissions for the Toyota Avalon , Camry , Corolla , Highlander , Rav4 and Lexus ES and RX350 . Additionally , in June 2020 TMMWV became the first Toyota facility in North America to begin producing hybrid transaxles , which are built for the Highlander and Sienna .
By the end of this year , Toyota will have invested nearly $ 13 billion in its U . S . operations with plans to add nearly 600 new jobs at American manufacturing plants . To help meet customer demand , TMMWV will invest $ 210 million in West Virginia to upgrade existing engine production and add 100 new jobs to increase assembly capacity of its four-cylinder engine line . Once complete , TMMWV ’ s total investment will be more than $ 1.8 billion and total employment will exceed 2,000 .
“ This announcement represents Toyota ’ s continued commitment to our customers as well as our community ,” says TMMWV President Srini Matam . “ We are thrilled to expand our Toyota family and continue our long-standing commitment to provide top-quality engines and transmissions for our customers .”
The $ 210 million investment will upgrade TMMWV ’ s current six-cylinder engine production line with new equipment and machinery , creating flexibility based on market demand for Toyota ’ s vehicle assembly plants in the U . S . and Canada .
The 100 new jobs will create a third shift due to a significant increase in Rav4 engine production at the Buffalo site , increasing assembly of an additional 5,900 engines per
month , or more than 70,000 engines per year .
The upgrade project and hiring will be complete in the second half of 2022 . Information regarding available positions at TMMWV can be found at tourtoyota . com .
“ Toyota ’ s commitment to increase its investment in West Virginia and into our hard-working West Virginians prove they continue to be a wonderful business partner right here in the Mountain State ,” says West Virginia Governor Jim Justice . “ This is such exciting news for West Virginia ’ s business community as well as our families that businesses are choosing to grow their organizations here . Toyota is a wonderful example of how a global company can be successful right here in West Virginia .”
Toyota has created a tremendous value chain in the U . S ., with more than $ 28.4 billion direct investment in the U . S ., nine manufacturing facilities , 10 including our joint venture with Mazda , nearly 1,500 independently owned dealerships and approximately 180,000 people working across the U . S .