Toyota has announced that it will invest $600 million to upgrade and expand its facility in Princeton, Indiana in an effort to meet growing demand for its Highlander SUV.
The project is slated to begin in the fall of 2019 and will include retooling and the acquisition of new equipment and technologies to increase the plant’s competitiveness. The company says that the expansion will increase its annual production capacity by 40,000 units and will result in the creation of 400 new jobs.
Toyota produced more than 400,000 Highlanders at the Princeton plant in 2016, the highest output in the 20-year history of the facility. U.S. sales of the Highlander reached 191,379 units last year, an increase of 20 percent over 2015.
The Princeton expansion is part of a $10 billion investment in U.S. operations that Toyota chief executive Jim Lentz announced during the 2017 North American International Auto Show in Detroit.