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.”
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