Toyota Commits $111 Million Investment In WV Plant | The Clarksburg Exponent Telegram
WASHINGTON — As part of a larger announcement showcasing new investments by Toyota across the U.S., the company on Thursday said it will make a new $111 million investment in the Mountain State.
According to a release from Toyota, the funds will be used to expand operations at the company's plant in the town of Buffalo.
The investment will add equipment and expand the building of the plant in order to double capacity of hybrid transaxles — from 120,000 units annually to 240,000.
In an effort to meet the production demands, Toyota Motor Manufacturing of West Virginia will add 123 new jobs to the plant. According to the release, the plant is representative of a total investment of $1.4 billion.
“We are proud to add such a significant cost investment to Toyota West Virginia – not only financially but also in adding team members to the Toyota family,” said Leah Curry, Toyota Motor Manufacturing WV president, in a statement. “Doubling our production of hybrid transaxles in West Virginia solidifies our facility’s role in producing next generation engines and transmissions that will drive the future of Toyota’s advanced mobility technology.”
U.S. Sen. Joe Manchin, D-W.Va., issued a statement Thursday praising Toyota's ongoing investment in its West Virginia operations.
“I commend Leah Curry and the entire team at the Buffalo facility," Manchin said. "I couldn’t be prouder of the work they do or more excited that Toyota is expanding their next generation hybrid transaxle production capabilities in our state. Long-term investments in West Virginia, by companies like Toyota, will continue to benefit out state’s economy, communities and her people.”
By: Staff Writers
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