Manufacturing company to expand Buffalo plant, a $64 million investment
Toyota Motor Manufacturing West Virginia will be expanding its Buffalo plant, adding an additional $64 million investment in the facility bringing with it 40 new jobs
Toyota Motor Manufacturing West Virginia (TMMWV) officials announced a major expansion of its Buffalo plant, saying the company would be adding an additional $64 million investment in the facility bringing with it 40 new jobs.
With this new investment, the total number of jobs at the Buffalo plant will exceed 1,100. Toyota will produce additional 6-speed automatic transmissions at the facility. The expansion will allegedly bring TMMWV's annual transmission capacity to nearly 400,000. The expansion raises total employment to approximately 1,100 and total plant investment to $1.26 billion.
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- Edited by Amanda McLeman, Plant Engineering, www.plantengineering.com
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey