Bondholder Toyota Manufacturing UK announced that it will invest a further £240 million in its car plant in Derbyshire. The investment will improve plant competitiveness and additionally it will promote 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 Government for training, research and development and further enhancements of the plant’s environmental performance.
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."