Toyota Material Handling invests $100 million to build manufacturing facility in Indiana

Toyota Material Handling invests $100 million to build manufacturing facility in Indiana

June 6, 2024
The facility will focus on producing electric forklifts.

Toyota Material Handling has begun construction on a new 295,000-square-foot manufacturing facility in Columbus, Indiana. The company, which specializes in material handling equipment and solutions, will invest $100 million into the project, generating 85 new jobs for the surrounding area. The facility will focus on producing electric forklifts. To help aid the project, the Indiana Economic Development Corporation will give Toyota Material Handling up to $1.1 million in conditional tax credits and up to $200,000 in training grants. Columbus has also pledged to offer additional incentives. Over the past 34 years, Toyota Material Handling has spent more than $400 million to fund 15 expansion projects in the state.

What people are saying

In a recent quote, Brett Wood, President & CEO of Toyota Material Handling North America and Senior Executive Officer for Toyota Industries Corporation (TICO), said, “Electric forklifts make up 65% of the North American market and this trend towards electrification in the material handling industry will continue to grow. We hope this announcement shows our industry-leading dealer network and our customers that we are a proactive company, not a reactive one. We do not just plan for next week or next year – we’re preparing for the next decade, and this new initiative perfectly represents our commitment to that strategy. This investment is one of the largest in our history and signifies TICO’s commitment to the North American market, the state of Indiana, the city of Columbus, and most importantly, our dealers and our customers.”

Tony Miller, Toyota Material Handling Senior Vice President for Engineering, Operations & Strategic Planning, added, “We are excited about this significant strategic expansion to our Columbus campus. At Toyota, we will always be driven by what is best for our customers. Electric products are more popular than ever, and we are committed to doing whatever it takes to keep up with increased demand. This new factory will allow us to deliver those electric units to customers faster than we can today.”

Manufacturers investing in Indiana

SK hynix spends $3.87 billion to produce high-bandwidth memory chips in Indiana 
SK hynix hopes the project will drive innovation in the nation's AI supply chain.

Canadian Solar invests $800 million to build solar PV cell facility in Indiana
The plant will have an annual output of 5 GW which is about 20,000 high-power modules per day.

Nucor to open utility structures production facility in Indiana
The new plant will be built near the Nucor Steel Crawfordsville steel mill and will create 200 new jobs for the area.

Learn more about material handling

How to Deploy Smarter Wireless Networks for Automated Material Handling Systems
The growing adoption of AMH systems in manufacturing demonstrates that more businesses are realizing the benefits of intelligent systems, and they're embracing these systems in their factories.

Robot Technologies Converge to Create Solutions for Material Handling
The International Association of Robotics points to AI, machine learning, cobots and humanoid robots as trend setters.

4 Prominent Trends Inciting Global Material Handling Equipment Market Expansion
The global Material Handling Equipment Market is anticipated to depict a CAGR of 6% through 2027, having recorded a valuation of USD 140 billion in 2020. By 2027, the market is expected to hit a remuneration of USD 200 billion.

Investing in American manufacturing in 2024

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

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