Toyota Breaks Ground Of Its New $1 Billion Factory

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Toyota is celebrating the groundbreaking of its second Mexican manufacturing plant located in Apaseo el Grande and will be known as Toyota Motor Manufacturing de Guanajuato (TMMGT).

Toyota Breaks Ground Of Its New $1 Billion Factory

When the factory is completed, it will be the 15th in the North America and will manufacture the Corolla from 2019 onwards.

Toyota Breaks Ground Of Its New $1 Billion Factory

The company said the Guanajuato factory will cost $1 billion to build and tool, also, it will employ 2,000 people and produce 200,000 Corollas per annum.

Toyota Breaks Ground Of Its New $1 Billion Factory

As per Mike Bafan, TMMGT president, TMMGT will afford Toyota the oppurtunity to boost vehicle quality and appeal at the same time achieve cost savings through production engineering innovations.

Toyota Breaks Ground Of Its New $1 Billion Factory

He further added that the plant will be simple, sustainable, mindful of its environment and highly competitive.

Toyota Breaks Ground Of Its New $1 Billion Factory

Also, he said that this means customers will benefit from our cars being produced locally with the highest quality and environmental standards.

Toyota Breaks Ground Of Its New $1 Billion Factory

The Japanese brand will be producing nearly 2.2 million vehicles annually in North America once the production at the TMMGT reaches its full capacity.

Toyota Breaks Ground Of Its New $1 Billion Factory

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Read more on: #toyota #auto news
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