Canadian Autoparts Toyota, Inc. (CAPTIN), a Toyota manufacturing affiliate that engineers and produces aluminum wheels, celebrated the completion of a C$39 million/US$35 million expansion - the company's sixth expansion in 24 years.
The expansion, announced in June 2005, boosts wheel capacity at the facility by nearly 17 percent to about 1.7 million units per year. Cumulative investment at CAPTIN is C$247million/US$223 million.
CAPTIN was incorporated in 1983 by Toyota Motor Corporation (NYSE: TM) and was the first manufacturing investment by a Japanese automaker in Canada. The plant produces 42 wheel models for Toyota's vehicles globally, employing approximately 300 team members.
During the ceremony, Toyota Motor Corporation Senior Managing Director Atsushi Niimi said CAPTIN's growth has mirrored Toyota's increasing operations in North America.
"This kind of growth at CAPTIN is not only the result of our growing business in North America. It is the result of team members providing high quality wheels for the high quality vehicles desired by our customers," Niimi said.
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