31 Jan 2012 – Toyota Industries, a leading automotive manufacturer, opening Pendergrass compressor plant, investing $350 million
Gov. Nathan Deal announced today that Japan-based Toyota Industries Corp. will open a manufacturing plant in Pendergrass in Jackson County, creating 320 jobs. The company’s Georgia operation will be known as Toyota Industries Compressor Parts America (TICA), and it represents a $350 million investment.
Toyota Industries Corp.’s new Pendergrass operation will locate next to TD Automotive Compressor Georgia (TACG), allowing the company to leverage synergies between the two operations. The TICA plant will manufacture the main parts of automotive compressors currently being imported from Japan and assembled at the TACG facility. The opening of the new TICA plant will allow those parts once manufactured in Japan to be manufactured in Georgia, and conveyed directly to TACG and also shipped to other compressor plants. Toyota Industries Corp. supplies automotive compressors for Toyota Motor Corporation, as well as Chrysler, Ford, General Motors and others.
Toyota Industries Corp.’s TICA operation will locate in a 600,000-square-foot facility in Pendergrass, and will leverage Jackson County’s pool of skilled labor. The Georgia Department of Economic Development (GDEcD) partnered with the Jackson County Area Chamber of Commerce to manage this business opportunity for Georgia.
Georgia’s economic development team was led by Scott McMurray, director of GDEcD’s Logistics, Energy, Agribusiness and Food (LEAF) team, and Yumiko Nakazano, managing director of Georgia’s international office in Tokyo.
The company will be offered workforce training assistance from Georgia Quick Start, which will provide Toyota Industries Corp. with customized training to facilitate start-up at its TICA operation. Quick Start is Georgia’s No. 1-ranked workforce training program that has extensive experience working with state-of-the-art advanced manufacturing operations.
Toyota Industries Corp. expects to begin operations at the TICA plant by late 2013.
Toyota Industries Corp. was founded in 1926 by Sakichi Toyoda to manufacture and sell the automatic looms which he had invented and perfected. Toyota Industries employs more than 40,000, with a capital of approximately $1 billion and net sales of approximately $18.5 billion in its 2011 fiscal year. With production bases in North America, Europe, and Asia (China and India), as well as a worldwide sales network, centered around the Materials Handling Equipment and Textile Machinery Segments, the operations of the Toyota Industries Group span the globe.
Source: Governor of Georgia Press Release
