Toyota to construct new plant in Canada
Toyota announced today that it will construct a new plant in Woodstock, Ontario, that will employ 1,300 team members to build the RAV4 sport utility vehicle. The new plant represents an approximate C$800 million/US$650 million investment and will be Toyota's second Canadian assembly plant. It is the first green field automotive assembly facility in Canada in almost 20 years.
Toyota also announced an expansion of Canadian Autoparts Toyota, Inc. (CAPTIN) in Delta, British Columbia. As a result of the C$39.0 million/US$31.6 million expansion, wheel capacity at the facility will increase by nearly 17 percent per year, starting in July 2007.
The new plant will open in 2008 and will have the capacity to build 100,000 units annually. It will boost Toyota's manufacturing employment in Ontario to about 5,600. Toyota Motor Manufacturing, Canada Inc. (TMMC) in nearby Cambridge, Ontario, will manage the plant.
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