PRINCETON, Ind. (WISH) — Toyota Indiana announced on Friday plans to expand its operations in the state, creating up to 300 new jobs by 2016.
The company will invest $100 million to boost production of the Highlander midsize SUV at its Princeton plant, a release said. Officials say from January through July 2014, about 90,000 Highlanders were sold, a 16 percent increase from the year before.
Right now, the Highlander is only built in the West Plant. To meet the increasing demand, officials say, annual production of up to 30,000 of the midsize SUVs will be added to Toyota Indiana’s East Plant. This expansion will bring the company’s overall investment to $4 billion.
Toyota Indiana currently employs 4,700 people — about 84 percent are from Indiana.