Toyota begins $17.5 million expansion of North American HQ
Columbus, Ind., forklift facility will consolidate external warehouses onsite in bid to cut internal logistics routes.
Forklift vendor Toyota Industrial Equipment Manufacturing (TIEM) will expand the facilities at its North American headquarters in a $17.5 million bid to streamline internal logistics operations, the company said Tuesday.
Toyota will consolidate external warehouses to internal storage and distribution onsite, reducing its internal logistics route distance by 50 percent and expanding space for its growing aftermarket parts business, the company said. Construction on the Columbus, Ind., facility will begin this month and expand the one-million-square-foot space to 1.3 million square feet.
"This is an important step to position Toyota Industrial Equipment for the future," Tony Miller, senior vice president at TIEM, said in a release. "This expansion will enable us to improve our operations, drive out waste, and reduce total lead time."
The plans represent the third expansion of Toyota's North American corporate headquarters in recent years, following a $16 million dollar expansion in 2015 and the addition of a fitness and wellness facility in January.
Toyota Industrial Equipment Manufacturing is a unit of Toyota Industries Corp. (TICO), which acquired systems integrator Bastian Solutions LLC in February, making an attempt to move beyond its roots as a forklift vendor and sell integrated automation and productivity solutions to material handling and logistics firms struggling to keep up with the growth of e-commerce and omnichannel fulfillment.
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Toyota begins $17.5 million expansion of North American HQ">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.