Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

Supplier Toyota Boshoku America to build “smart plant” in Hopkinsville, Kentucky

2023-10-05 05:53
HOPKINSVILLE, Ky.--(BUSINESS WIRE)--Oct 4, 2023--
Supplier Toyota Boshoku America to build “smart plant” in Hopkinsville, Kentucky

HOPKINSVILLE, Ky.--(BUSINESS WIRE)--Oct 4, 2023--

Governor Andy Beshear joined representatives of Toyota Boshoku America, Inc. and local leaders in Christian County today to announce the establishment of a new automotive parts manufacturing facility in Hopkinsville, Kentucky.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231002668094/en/

Governor Andy Beshear joined representatives of Toyota Boshoku and local leaders in Christian County today to announce the establishment of Toyota Boshoku Western Kentucky, located in Hopkinsville, Kentucky. (Photo: Business Wire)

The global automotive supplier will invest $225 million and create 157 jobs in the company’s first ever “smart plant” location.

The new Kentucky factory will produce seat frame mechanism parts such as seat tracks, seat recliners and motor with gear. The 327,000-square-foot building will occupy 48 acres, with operation start planned for 2025. Located in the Hopkinsville’s South Park Development, construction began in June 2023.

With today’s announcement, Toyota Boshoku Corporation’s President, Masayoshi Shirayanagi, stated, “We aim to not only create new jobs and invest in a smart manufacturing facility, but also to promote a more efficient and environmentally responsible operation.” The facility seeks to create a positive environmental impact that benefits the local community.

Kentucky Governor Andy Beshear noted in a statement, “I want to thank leadership at Toyota Boshoku for this commitment to the commonwealth as we continue to see significant investment in Kentucky’s automotive future. I am thrilled to see this company build on its already impressive presence in our state. This project is another big win for Hopkinsville and the West Kentucky region and means even more great jobs for our residents.”

Christian County officials and the Tennessee Valley Authority, along with South Western Kentucky Economic Development, welcomed Toyota Boshoku’s investment in the area.

“TVA is proud to partner with Pennyrile RECC, the Kentucky Cabinet for Economic Development, the City of Hopkinsville and Christian County to support companies, like Toyota Boshoku America, that are driving innovation in the region. We celebrate this occasion together and look forward to the company’s impactful success in the Commonwealth,” John Bradley, TVA senior vice president of Economic Development.

“Christian County government is always honored to work with world class companies like Toyota Boshoku America (TBA). We have been impressed with company leadership since our initial introductions. TBA is the region’s 12 th Japanese investment. We are looking forward to supporting their success and ensuring it won’t be the last,” quoted Christian County Judge Executive Jerry Gilliam.

“With this investment, Toyota Boshoku will be creating outstanding jobs which we celebrate as an opportunity to change the life of an individual and their family,” said JR Knight, Mayor of the City of Hopkinsville.

Toyota Boshoku Corporation, a member of the Toyota group of companies, develops and manufactures automotive interior systems and other automotive components. Toyota Boshoku has extensive manufacturing operations in Japan, Asia, Europe and the Americas.

Toyota Boshoku America, based in Erlanger, Kentucky, employs more than 13,000 people in 22 locations throughout the United States, Canada, Mexico, Brazil and Argentina. U.S. manufacturing sites are located in Tennessee, Illinois, Indiana, Mississippi, Alabama and Kentucky.

View source version on businesswire.com:https://www.businesswire.com/news/home/20231002668094/en/

CONTACT: Rich Norris – Vice President, Toyota Boshoku America, Inc.

Rich.norris@toyota-boshoku.com

859-653-8362

KEYWORD: UNITED STATES NORTH AMERICA KENTUCKY

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE OTHER CONSTRUCTION & PROPERTY MANUFACTURING CONSTRUCTION & PROPERTY

SOURCE: Toyota Boshoku America

Copyright Business Wire 2023.

PUB: 10/04/2023 05:21 PM/DISC: 10/04/2023 05:22 PM

http://www.businesswire.com/news/home/20231002668094/en