Home Business Márquez Márquez confirms long expected Toyota investment in Guanajuato

Márquez Márquez confirms long expected Toyota investment in Guanajuato

by sanmigueltimes
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During a working tour in Japan, Governor Miguel Márquez Márquez met with Osamu Nagata, Executive Vice President and Chief Financial Officer of Toyota Motor Corporation, in order to ensure the company’s investment in “Apaseo El Grande”.

“Despite the new policies at the global level, Mr. Nagata reaffirms his commitment with our state of Guanajuato, as they are planning to keep investing in the state, developing new technologies and generating hundreds of well paid jobs”, explained the governor.

To ensure the company’s supply network, there was another meeting with James Lentz, CEO of Toyota North America along with eight directors and CEO’s of Toyota supplying companies.


“In the coming days we will be releasing important information about the investments of these companies. It was a very productive meeting, there is great expectation about the development that Toyota will have in Guanajuato, especially in the new plant”.

The Toyota New Global Architecture Project (TNGA), which is a pilot program to be introduced for the first time in Kentucky, was presented to the Guanajuato delegation, but the Apaseo el Grande plant will be the first in the world to be designed and built to introduce this new production model.

The program will be based on the development of new innovative engines and vehicles, it is estimated that by 2020 Toyota will build its own vehicles with a one-of-a-kind exclusive technology. The Apaseo el Grande plant will be monitored worldwide, as it will set the tone for the way the cars will assemble in the future.

Toyota Motor Corporation executives also reiterated their support to work together in the development and wellbeing of the surrounding communities through social works and environmental friendly policies.

At the moment they are carrying out actions to clean up the Querétaro River and strengthen water conservation programs, the development of local labor that works together with the state government and support to the needs of the community through mobility.

Apaseo el Grande” will receive an investment of more than $947,000,000 dollars in the first stage, creating at least 2,000 direct and indirect jobs. In the second phase, it is expected to reach $3 billion dollars and more than 5,000 jobs.

The Toyota plant in Guanajuato will produce the Corolla, with 200,000 units in the first stage. The plant began construction in 2016 and is estimated to conclude in 2018, to start operations in 2019.

Source: https://centrourbano.com/

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