Toyota's Canadian Manufacturing Operation to Increase RAV4 Volume
CAMBRIDGE, Ontario (March 28, 2012) – Toyota Motor Manufacturing Canada Inc. (TMMC) will increase RAV4 production at its Woodstock, Ontario assembly plant from 150,000 annual capacity to 200,000 vehicles. Ultimately, this $80 million [CAD] investment will result in about 400 new jobs between now and implementation in early 2013.
TMMC Chairman Ray Tanguay said, “We are optimistic that the market is coming back and we’re grateful for the strong sales of the RAV4 in the North American market, which has created this increase in production and jobs.”
TMMC currently manufactures the Toyota Corolla, Toyota Matrix, Toyota RAV4, and
the Lexus RX 350 vehicles in its plants in Cambridge, ON and one plant in Woodstock, ON.
The company currently employs approximately 6,500.
Brian Krinock, President of TMMC, gave credit to TMMC employees for their strong focus. He said, “From the moment TMMC opened the Woodstock plant, Team Members have consistently built quality in to each and every RAV4. Our customers recognize and appreciate their skill.”
Toyota (NYSE:TM) established operations in North America in 1957 and currently operates 14 manufacturing plants. There are more than 1,800 Toyota, Lexus and Scion dealerships in North America which sold nearly 2 million vehicles in 2011. Toyota directly employs more than 35,000 in North America and its investment here is currently valued at more than $23 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals nearly $25 billion. Toyota currently produces 12 vehicles in North America, including the Avalon, Camry, Corolla, Highlander, Matrix, RAV4, Sienna, Sequoia, Tacoma, Tundra, Venza and the Lexus RX 350.
For more information about Toyota Motor Manufacturing Canada, visit www.tmmc.ca.