FOR IMMEDIATE RELEASE
Friday, October 24, 2008
GOVERNOR BARBOUR ANNOUNCES TOYOTA TSUSHO AMERICA TO LOCATE IN BLUE SPRINGS
JACKSON, Miss – Governor Haley Barbour said today that automotive supplier Toyota Tsusho America, Inc., will locate two operations in Blue Springs to supply Toyota Motor Manufacturing Mississippi.
Toyota Tsusho America will have a joint venture steel processing facility on the Toyota site. A second Toyota Tsusho joint venture will construct another plant across U.S. Highway 78 to provide tire and wheel assembly.
Toyota Tsusho America officials said many of the details, such as employment, investment and joint venture partners are still in the development stages as the company makes plans to supply the Prius. The company estimates that the two operations could employ up to 70 people. Toyota Tsusho production start-up will coincide with that of the vehicle plant in late 2010.
“As the sixth Toyota supplier to announce in North Mississippi, Toyota Tsusho America, Inc., will create both jobs and opportunity in North Mississippi,” said Mississippi Governor Haley Barbour. “We welcome this fine company to Union County and look forward to the opening of both of its facilities.”
“We are very pleased to become a new member of the Northeast Mississippi community,” said Masanori Yamase, Toyota Tsusho America, Inc. President & CEO. “We appreciate the cooperation and support we have received from Governor Barbour and his team, as well as from the local community.”
Yamase said more details will be announced about the Blue Springs operation by the end of this year.
"We are delighted to welcome Toyota Tsusho to Mississippi. Our Team at MDA continues to work with companies like Toyota Tsusho America as they prepare to supply for the Prius. This is a great opportunity for more jobs in our state," said Mississippi Development Authority Executive Director Gray Swoope.
Toyota Tsusho America is a wholly owned subsidiary of Toyota Tsusho Corp.
based in Nagoya, Japan. Toyota Tsusho Corp. has global sales of $70 billion in diverse business fields such as metals, machinery, energy, chemicals and foodstuffs. Operations are maintained in over 50 countries around the world.