The meeting this week, part of a three-nation tour, comes with Toyota finalizing plans for a $531 million expansion of its San Antonio plant.
With Toyota still finalizing plans for a $531 million expansion of its San Antonio plant, Gov. Greg Abbott met this week with the company’s executives in Japan to discuss opportunities for the automaker and its top suppliers to keep growing in Texas . The meeting came during a three-nation East Asia trade tour to promote the state to officials and business leaders in Taiwan , South Korea and Japan .
Gov. Abbott leads delegation on 3-nation East Asia tour to promote Texas business Toyota already is planning the largest capital infusion in its South Side plant since it began operating in 2006. The expansion, which will add more than 400 jobs, is to add a production line for drivetrain parts. The last major investment — a $391 million retooling to begin production of the Tundra pickup and Sequoia SUV — was completed in 2022. The San Antonio plant now has more than 2,600 employees.
Gov. Abbott signs economic cooperation pact with Taiwan, opens first trade office there According to Abbott’s office, Japan leads all nations in the number of Texas jobs created by foreign direct investment projects over the past decade. During that time, companies from Japan have invested $10.87 billion in 129 projects, it said, creating more than 20,000 Texas jobs. Trade with Japan totaled $31.2 billion last year, making it the fifth-largest total trade partner with Texas.
San Antonio-made Toyota Tundra being tested by Australian drivers as pickup nears launch Down Under His next stops were in South Korea, where he met with a steel and alloy manufacturer to officially announce a plant expansion in Temple. SeAH Changwon Integrated Special Steel Corp. will invest $110 million and add 100 jobs. The company, a subsidiary of SeAH Group, will receive grants from the Texas Enterprise Fund and 10-year property tax grants from Temple and Bell County.
Aisin Texas Economic Development Corp. Greg Abbott Moritaka Yoshida Texas Japan South Korea Taiwan San Antonio East Asia Toyota Commemorative Museum Of Industry And Techn Plano North American Nagoya South Side Cibolo San Marcos Temple Australian Down Under Japanese Texans Toyota Tundra Sequoia
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