The investment will reach $ 1,600 million in the facility that will employ 4,000 people and will open in 2021
Montgomery, Alabama, January 10, 2018 - Alabama Gov. Kay Ivey, and Huntsville Mayor Tommy Battle, today joined leaders Mazda (MZDAF) and Toyota (NYSE: TM) to announce that automakers have selected Huntsville, Alabama, as the site of its new plant in joint venture.
The new plant will have the capacity to manufacture 300,000 vehicles annually, and production will be divided equally between two lines so that each company produces the crossover of Mazda model to be launched to the US market and the Toyota Corolla.
The joint venture represents an investment of $ 1,600 million Mazda and Toyota plan to do with equal contributions of funds. The site of the new factory is in Huntsville, located approximately 14 miles from the Toyota plant in Alabama (Toyota Motor Manufacturing, Alabama, Inc.). The plant is expected to generate up to 4,000 jobs and production to start in 2021.
"The partnership between Mazda and Toyota will expand the innovative automobile manufacturing in Alabama," said Governor Ivey. "Their decision to locate the new facility in Huntsville is a testament to the talent of the workforce in our state. We are proud that this partnership will bring to Alabama at the forefront of technology in this dynamic global industry."
"With this announcement, the world changes overnight," said Tommy Battle, mayor of Huntsville. "Mazda and Toyota, two of the manufacturers most innovative cars in the world, have created a historic project that will create jobs for many decades in Huntsville and Alabama. Catapult Alabama to the summit as an industry leader in the production of the next generation of cars that move our nation."
Photo by WHNT
Masamichi Kogai, president and CEO of Mazda Motor Corporation, Akio Toyoda and President of Toyota Motor Corporation, Ivey joined the governor and the mayor Battle to make the announcement.
For Mazda, the factory opens in an important year marking the beginning of the second century of operation of the company and the second half-century of sales in the United States. The automaker is expanding its commitment to the US market and focus its efforts on manufacturing and increasing sales in the country.
"Mazda makes cars with a clear vision of how we want to inspire people, contribute to society and help preserve the beauty of the land. By producing those cars here in Alabama, we hope that eventually our factory reaches occupy a special place in the hearts of our employees and the local community. by making this plant into a vibrant part of the community, we hope to work, learn and grow together with the people of Alabama and Huntsville "Kogai said.
For Toyota, this joint venture plant will be its 11th factory in the United States and represents its continued commitment in the United States, as well as the investment of $ 10,000 million over the next five years was announced in January 2017.
"Our investment to establish a new vehicle assembly plant with Mazda builds on the solid success we have enjoyed in Alabama, where we produce engines for the US market," Toyoda said. "I am sure that from 2021, will operate a very competitive plant, bringing together the expertise of Toyota and Mazda and excellent workforce Alabama. We are committed to be another 'best village' companies in the city Huntsville and the state of Alabama, a new home for Toyota and Mazda. "
The state of Alabama is the fifth largest producer of cars and light trucks nationwide, with a strong presence in automotive manufacturing, including Toyota engine plant in Huntsville, where Toyota employs 1,400 team members. With more than 150 automotive suppliers Tier 1 and 2 in the state and automakers, there are approximately 57,000 jobs in auto manufacturing in Alabama.
In the coming months, after obtaining approvals and authorizations antitrust agencies, the new joint venture will be based, and site preparations begin with the start of production in 2021.