Asian automotive suppliers will spend a combined $90 million to
expand and open factories in the southern United States.
Manufacturing USA Inc., a wholly owned unit of Hino Motors Ltd.
and the commercial truck division of Tokyo-based Toyota Motor
Corp., will invest $55 million to expand its Marion, Ark.,
plant to increase capacity to manufacture axles, knuckles and
suspension components for Toyotas Tacoma, Tundra and
Sequoia models, it said.
The company, which
built its Marion plant in 2004, expects to hire up to 200
people to run the enlarged production lines.
manufacturers parent company makes medium- and heavy-duty
trucks in Japan, buses and diesel engines, Toyotas FJ
Cruiser and Land Cruiser Prado. In the United States, Hino
assembles medium-duty trucks at its Williamstown, W.Va., plant,
while its parts distribution center in Mira Loma, Calif.,
supplies Latin American and Caribbean distributors with
Hino-built service parts.
"Hino appreciates the
support it received from the city of Marion and the Arkansas
Economic Development Commission to help facilitate these
projects," Hino general manager Ed Rowlett said in a statement
Hyundai Dymos Inc., a
unit of Seoul, South Korea-based Hyundai Motor Co., will invest
$35 million to open a manufacturing plant in West Point, Ga.,
that will supply Kia Motors Manufacturing Georgia Inc. and
create 350 manufacturing jobs.
The company will begin
hiring in January, expects to complete construction by July and
will begin normal production in November 2014.
Hyundai Dymos builds
manual transmissions, axles and seats, and the Georgia plant
will make seats for Kias new Sorento.
"The objective of this
project is to further improve the competitiveness of (Kia
Motors) by providing a steady and reliable supply of auto parts
for (its) continually increasing production," Hyundai Dymos
representative director Jun Mo Yoon said in a statement Sept.
The company received
assistance from the state, city of West Point, the Valley
Partnership and the Development Authority of LaGrange.
"Hyundai Dymos is one
of numerous Korean companies to settle in Georgia," Georgia
Department of Economic Development commissioner Chris Cummiskey