Buildings and Sites
Automotive, Steel and Other Sectors Pave this Region's Road to Recovery
22 Oct 2020
News, National
What pandemic? Facility investment might be on hold in some locations as companies rethink their property portfolios and supply chains. But it’s hard to find evidence of that in the Southeast. More than $1.4 billion in capital investment has been announced — in Alabama alone. Just in August. Plenty more projects are getting underway elsewhere in the region.
Mazda Toyota Manufacturing (MTM), the joint venture between automakers Mazda Motor Corp. and Toyota Motor Corp., plans to make an additional $830 million investment in Alabama to incorporate new cutting-edge manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees in Huntsville. That’s in addition to the $1.6 billion originally announced in 2018. The new facility will have the capacity to produce up to 150,000 units of a future Mazda crossover model and up to 150,000 units of the Toyota SUV each year.
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