Toyota Motor Manufacturing Canada (TMMC) celebrated the official start of construction of its new Woodstock assembly plant when the first steel girder was placed last Thursday.
WOODSTOCK
Toyota Motor Manufacturing Canada (TMMC) celebrated the official start of construction of its new Woodstock assembly plant when the first steel girder was placed last Thursday.
The new plant, which will employ 2,000, represents an investment of $1.1 billion and will be Toyota’s second Canadian assembly plant.
It is the first greenfield automotive assembly facility in Canada in 20 years.
The new plant, to be managed by TMMC, will open in 2008 and will have the capacity to build 150,000 RAV4 units annually. TMMC builds the Toyota Corolla and Matrix and the Lexus RX350 in nearby Cambridge, where it employs 4,500 team members, and has invested $3.2 billion CAD.
“This new facility strengthens Canada’s automotive industry.”
Ray Tanguay
Toyota
TMMC President Ray Tanguay commented that Toyota was experiencing strong growth in Canada and North America.
“This is an exciting time for TMMC. We are celebrating 20 years of vehicle manufacturing excellence in Canada, and now the beginning of a new milestone in Woodstock,” he said. “This new facility strengthens Canada’s automotive industry as a whole and will provide substantial benefits to existing team members, new team members, suppliers and the communities where we do business.”
DCN NEWS SERVICES
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