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Toyota Motor Europe to invest €300m in French car plant

Published 23 January 2018

Toyota Motor Europe said that it will invest a further €300m in its Toyota Motor Manufacturing France (TMMF) car plant in Valenciennes (France).

This brings the total cumulative investment to €1.4B.

In the coming months, the facility will be progressively upgraded with new equipment, technologies and systems, to prepare the future introduction of the Toyota New Global Architecture (TNGA).

TMMF will in a first step convert 300 temporary contracts into permanent contracts to support the preparation works, and foresees another 400 permanent jobs when full capacity is reached.

Toyota Motor executive vice president and Toyota Motor Europe chairman Didier Leroy said: "We remain focused on strengthening the global competitiveness of our European plants. The roll-out of TNGA manufacturing capability is part of this plan. The upgrade of TMMF is a sign of confidence in our employees and suppliers, and their focus on superior quality and greater efficiency. We also appreciate French state and local authorities support."

Toyota Motor Europe CEO van Zyl said: "This announcement is a good sign for our continuous expansion in France and in Europe. In 2017, Yaris- labelled “Made in France” in 2012 - was again the most produced single model in France. I am fully convinced that this decision will reinforce Yaris’ position as the core of Toyota’s Brand in Europe."

TMMF CEO Luciano Biondo said: "This investment highlights the trust of the Toyota Group in all our efforts to produce superior quality cars for our customers. The flexibility agreement signed in 2017 with our local unions contributed to this investment decision. This investment puts us in a position to eventually achieve our aim of 300,000 units/ year in the future."

The investment programme is being supported by incentives from the French State and Local Authorities (Hauts-de-France Region and Valenciennes) for training, innovation and further enhancements of the plant’s environmental performance.

Toyota has launched a global programme to gradually upgrade its manufacturing sites to produce next generation, TNGA-based vehicles. In the future, the majority of Toyota’s global models will be built using TNGA platforms. TNGA already underpins the new, fourth generation Prius and the C-HR crossover, vehicles that represent Toyota’s commitment to build ever-better cars for our customers.



Source: Company Press Release