Toyota's First U.S. Vehicle Plant Shifts Transformation into High Gear

URLhttps://www.prnewswire.com/news-releases/toyotas-f
SourcePR Newswire
Date Published10/29/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota Motor Manufacturing Kentucky, Inc.
Parent companyToyota Motor Corporation
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Capital investment ($):461
Country(ies) from which reshored:Japan
City reshored to:Georgetown
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredCamry Hybrid, RAV4 Hybrid, fuel cell modules
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training
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