Toyota investing £240 million in Derbyshire factory
Toyota Motor Europe will invest a further £240 million in its Toyota Manufacturing UK (TMUK) car plant in Burnaston, Derbyshire (UK). According to the company, Toyota’s investment will be spent on improving competitiveness and promoting UK supply chain efficiencies.
Starting this year, the Burnaston facility will be progressively upgraded with new equipment, technologies and systems. This will enable production of vehicles on the Toyota New Global Architecture (TNGA) platform.
The investment programme also includes up to £21.3 million support from the UK Government for training, research and development and further enhancements of the plant’s environmental performance.
Announcing the investment, Dr Johan van Zyl, president and CEO of Toyota Motor Europe, said:
“We are very focused on securing the global competitiveness of our European plants. The roll-out of TNGA manufacturing capability is part of this plan. This upgrade of TMUK is a sign of confidence in our employees and suppliers and their focus on superior quality and greater efficiency. We welcome the UK Government funding contribution for this activity.”
“Our investment demonstrates that, as a company, we are doing all we can to raise the competitiveness of our Burnaston plant in Derbyshire. Continued tariff-and-barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success.”