January 17, 2020

Toyota Finishes $1.3B Update Of Indiana Factory

Toyota says the $1.3 billion upgrade at its Princeton, Indiana factory will allow it to increase production of the Highlander SUV. - Photo provided by Toyota

Toyota says the $1.3 billion upgrade at its Princeton, Indiana factory will allow it to increase production of the Highlander SUV.

Photo provided by Toyota

Toyota says it has completed a $1.3 billion project modernizing an Indiana factory to boost vehicle production and adding 550 jobs.

The project at the Princeton assembly plant in southwestern Indiana included retooling, new equipment installation and adding advanced manufacturing technology so it could increase production of the Highlander SUV.

Toyota said Friday the project grew by $700 million and 150 new jobs from what it first announced for the factory three years ago.

Production recently began on the new 2020 Highlander at the factory, which now has about 7,000 employees.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

Related News

Indianapolis City-County Councilor La Keisha Jackson is Indiana's newest state senator
Legislative leaders say 2024 session more substantive than planned, but much more to come in 2025
Economic Enhancement District for Mile Square will not be repealed