Governor Kay Ivey joins executives from auto supplier Y-tec Keylex Toyotetsu Alabama (YKTA) at a ceremony in Huntsville today to announce the companys plans to invest $220 million to open a manufacturing facility that will create 650 jobs next to the new @mazda_toyota plant! pic.twitter.com/p7b2XKbwtm
The YKT Alabama facility will be located on the site of the Mazda Toyota Manufacturing U.S.A. (MTMUS) auto assembly plant now under construction in the Limestone County portion of Huntsville.
YKTA, a new joint venture formed between a trio of Mazda and Toyota suppliers, will produce structural body stampings and assemblies, as well as functional and chassis parts, for MTMUS.
YKT Alabama is a significant addition to the growing automotive cluster centered around the Mazda Toyota Manufacturing U.S.A. auto assembly plant in Huntsville, Governor Kay Ivey said. This venture will not only create 650 well-paying jobs but also solidify the foundation of the automotive supply chain that is emerging in North Alabama.
Construction on YKTAs new facility is set to begin this month. The company has already begun hiring its professional and technical staff, while the first production personnel will come on board in the fall of 2020.
YKTA will produce structural body stampings and assemblies, as well as functional and chassis parts, for @mazda_toyota.YKT Alabama is a significant addition to the growing automotive cluster centered around the Mazda Toyota Manufacturing-@GovernorKayIvey pic.twitter.com/XvnHAMa2kT
We are proud to call Alabama our home and celebrate our commitment to North Alabama as our community, YKTA President Ryuji Fujimoto said.
The start of parts production at YKTAs new facility will coincide with the launch of vehicle production at MTMUS in 2021. The Mazda-Toyota partnership is investing $1.6 billion to build and equip its Huntsville assembly plant, which will have up to 4,000 workers producing up to 300,000 vehicles annually.
YKTA is the second supplier to announce plans for a facility on the 2,500-acre MTMUS site, joining DaikyoNishikawa US (DNUS), which will produce large plastic parts such as bumpers and instrumental panels at a $110 million facility staffed with 380 workers.
Were very committed to facilitating the formation of the supply chain for Mazda Toyota Manufacturing U.S.A., and the YKT Alabama joint venture facility is an important piece in the supplier puzzle, said Greg Canfield, secretary of the Alabama Department of Commerce. I am confident that we can deliver a first-class workforce for YKT Alabama and look forward to helping ensure the company has a smooth path to production.
· Y-tec, established in 1945, produces automotive components and designs and manufactures dies, tooling and jigs for Japanese automakers including Toyota.
· Keylex, established in 1924, specializes in vehicle body parts, produces dies and jigs, and designs and installs production equipment. Its major customer is Mazda, and the company operates a joint venture with Y-tec in Mexico.
· Toyotetsu, established in 1946, is primarily a Toyota supplier and has North American operations in Kentucky, Texas, Canada, and Mexico. These plants produce structural parts such as pillars, arms and beams as well as functional parts such as pedals.
BREAKING: Auto supplier YKTA plans to open $220M plant in Huntsville with 650 jobs, @GovernorKayIvey announces this morning. pic.twitter.com/yA0LwycX8a
North Alabama officials who attended todays groundbreaking ceremony welcomed YKTAs investment in the region.
This new three-company consortium brings together some of the top suppliers in the automotive industry, Huntsville Mayor Tommy Battle said. As with any success, collaboration is key. YKTA is following the model established by the Mazda Toyota joint venture to create a partnership on a dynamic campus that is going to lead the world in automotive innovation and opportunity.
We are excited to welcome YKTA to Limestone County, Limestone County Commission Chairman Collin Daly added. This $220 million investment that will create 650 new jobs is a testament to our great county and to our regional workforce that continues to receive global recognition.
YKTA will make a $200 million-plus investment and hire 650 in north Alabama to provide parts to the Mazda Toyota Manufacturing USA plant near Huntsville, Ala., local and state officials announced on May 22, 2019. (Paul Gattis | PGattis@al.com)
Gov. Kay Ivey announced Wednesday the largest supplier yet to complement the Mazda Toyota Manufacturing USA plant in Huntsville.
YKTA will provide an array of parts for the cars to be built at the MTMUS plant at a $220 million plant that will be built on the giant automotive plants campus in Limestone County. The supplier plant will create 650 new jobs.
Its a significant addition to the growing cluster of suppliers around the Mazda Toyota assembly plant here in Huntsville, Ivey said. Alabama business is on a roll and we dont plan on stopping any time soon.
The groundbreaking for YKTA, held on the edge of the MTMUS campus, included executives from Mazda and Toyota. The YKTA facility will be built on the north side of the MTMUS plant and the two will be connected via a breezeway, underscoring their close working relationship.
“This is our third supplier to MTMUS. Over 1,400 committed jobs to the area,” Huntsville Mayor Tommy Battle said.
YKTA, a new joint venture formed between a trio of Mazda and Toyota suppliers, will produce structural body stampings and assemblies, as well as functional and chassis parts, for MTMUS. The three companies that came together to former YKTA — Y-tec, Keylex and Toyotetsu – are existing Japanese automotive suppliers with operations in North America. Y-tech and Keylex have historically been suppliers for Mazda while Toyotetsu provided parts for Toyota.
Were going to have common suppliers, said Mark Brazeal, vice president of administration for MTMUS. Theyre going to be making parts for the Toyota vehicle and the Mazda vehicle.
Brazeal said the proximity of the YKTA facility will translate into an ample inventory of parts for the automakers.
YKTA also presented a $10,000 donation to the Boys & Girls Club of North Alabama at the groundbreaking ceremony.
The wave of suppliers have been expected to roll into north Alabama, providing thousands of indirect jobs.
Its the cycle that comes off of MTMUS, Battle said. As they come and start producing automobiles, were going to see more and more jobs and more and more economy coming off this. The future holds more of these kinds of announcements.
Last month, Ivey made the announcement at an event in Athens that Toyota Boshoku will be building a $50 manufacturing facility that will produce seat systems for vehicles built at the MTMUS plant. The Athens facility will provide more than 400 jobs.
And earlier this month, Ivey announced that DaikyoNishikawa US will create 380 new jobs in a facility to be built on the Mazda Toyota campus in Huntsville. The supplier will produce large resin parts such as bumpers and instrument panels.
This is where the YTKA supplier facility will be built on the north side of the MTMUS plant in Huntsville. The supplier will be connected to the auto plant by a breezeway. The supplier is a $220 million investment, creating 650 jobs. pic.twitter.com/3GQudVevdw