Hino to Expand Auto Parts Plant at Marion

by Arkansas Business Staff  on Thursday, May. 31, 2007 3:47 pm  

Gov. Mike Beebe announces that Hino Motors Manufacturing USA will invest an additional $70 million to add equipment to its 400,000-SF Marion plant.

Gov. Mike Beebe announced Thursday that Hino Motors Manufacturing USA will invest an additional $70 million to add equipment to its 400,000-SF Marion plant.
Hino employs more than 600 people at the Marion plant, more than double the expected number of 280 employees announced at the plant’s 2004 groundbreaking, the governor's office said. The additional hiring laid the groundwork for the expansion, which will bring Hino’s total investment in the plant to $230 million, the governor's office said.
"This expansion illustrates the strong partnership between Arkansas and Hino," Beebe said in a news release. "We will work together to keep that relationship mutually beneficial as Hino continues its successful growth in the coming years."
Beebe was in Marion Thursday to tour the plant as its 100,000th axle rolled off the assembly line. The $160 million plant, which began production last year, employs about 750. It makes axles for the Toyota Tundra pickup truck.
Toyota is the majority owner of Hino. Arkansas has hoped that landing the Hino project would lead more auto industry plants to the region, including a full-fledged Toyota assembly plant. But Arkansas has yet to lure an auto manufacturing plant to the state.
"Our Toyota parts business is growing and expanding, and we are growing and expanding our Marion plant to accommodate it," Hideichiro Chikahiros, Hino Motors Manufacturing USA president, said. "The new Toyota Tundra has been on the market for only four months, so there will be a lot of opportunity for this plant over time."

 

 

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