June 1, 2007 - Delta, British Columbia - Canadian Autoparts Toyota, Inc. (CAPTIN), a Toyota manufacturing affiliate that engineers and produces aluminum wheels, celebrated the completion of a C$39 million/US$35 million expansion - the company's sixth expansion in 24 years.
The expansion, announced in June 2005, boosts wheel capacity at the facility by nearly 17 percent to about 1.7 million units per year. Cumulative investment at CAPTIN is C$247million/US$223 million.
CAPTIN was incorporated in 1983 by Toyota Motor Corporation (NYSE: TM) and was the first manufacturing investment by a Japanese automaker in Canada. The plant produces 42 wheel models for Toyota's vehicles globally, employing approximately 300 team members.
During the ceremony, Toyota Motor Corporation Senior Managing Director Atsushi Niimi said CAPTIN's growth has mirrored Toyota's increasing operations in North America.
"This kind of growth at CAPTIN is not only the result of our growing business in North America. It is the result of team members providing high quality wheels for
the high quality vehicles desired by our customers," Niimi said.
Government officials expressed appreciation.
"This is truly a remarkable world-class facility," said Colin Hansen, B.C.'s Minister of Economic Development. "CAPTIN's recent expansion in Delta demonstrates Toyota's commitment to the province and confidence in our future."
Gary Smallenberg, president of CAPTIN, pointed to the dedication of the plant's team members for the expansion. "We appreciate the confidence Toyota Motor Corporation has shown in us over the years," he said. "The credit needs to go to our team members; this is a result of their challenging spirit and continuous commitment to become a globally competitive producer of aluminum wheels."
Toyota currently has six vehicle-manufacturing plants and seven power train and component plants in North America. Two additional assembly plants are under construction in Woodstock, Ontario, and Tupelo, Mississippi.
Toyota currently produces 11 vehicles in North America, including the Avalon, Camry, Camry Hybrid, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra and the Lexus RX 350. By 2010, Toyota will have the annual capacity to build approximately 2.2 million cars and trucks, 1.45 million engines and 600,000 automatic transmissions.
For more information about Toyota, visit www.toyota.com.
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