Toyota parts supplier adding 160 jobs in expansion

July 12, 2016

A manufacturer that supplies components to Toyota Motor Corp. has launched a $10.6 million expansion in Indiana, paving the way for up to 160 more jobs at its Princeton operations, the company announced Tuesday.

Toyota Boshoku Indiana LLC said it is adding 42,000 square feet of space, growing its plant to 524,000 square feet.

The supplier, which began its Indiana operations in 2007, will begin making vehicle seats and doors for the Toyota Highlander, which is made at the Toyota Motor Manufacturing Indiana plant in Princeton.

Toyota Boshoku already produces interior seat systems for the Toyota Sienna, which is also made in Princeton. It manufactured seats for 147,620 vehicles in 2015.

The company said it is hiring for assembly, production-control and welding positions. More than 115 of the positions have been filled. The other 45 employees are expected to be added by the end of the year.

Toyota Boshoku has more than 6,000 employees at 90-plus facilities in North America and South America, including more than 1,000 workers in Princeton, about 150 miles southwest of Indianapolis. Its parent, Toyota Boshoku Corp., is based in Kariya City, Japan.

The Indiana Economic Development Corp. offered Toyota Boshoku Indiana up to $900,000 in conditional tax credits and up to $200,000 in training grants that hinge on the company’s ability to meet hiring and investment goals.

Gibson County approved an additional tax abatement of about $505,000 and tax increment financing worth about $1.4 million.

The IEDC said 42 Japan-based companies have committed to locating or expanding their operations in Indiana since January 2013.


Comments powered by Disqus