Toyota Invests $1 Billion to Expand U.S. Manufacturing Capacity

GEORGETOWN, Ky. — Toyota is investing $1 billion across its Kentucky and Indiana manufacturing operations to expand production capacity and support electrification, as the company marks 40 years of vehicle assembly in Kentucky.

The investment includes $800 million at Toyota’s Georgetown, Kentucky plant to prepare the facility for a second battery electric vehicle and increase assembly capacity for the Camry and RAV4. An additional $200 million will go to Toyota’s Indiana plant to expand production of the Grand Highlander SUV.

Toyota said the investment is part of a previously announced plan to invest up to $10 billion in U.S. manufacturing over the next five years, aimed at meeting customer demand and supporting a broader vehicle lineup.

The Georgetown facility, Toyota’s largest manufacturing plant globally, has produced more than 14 million vehicles since opening in 1986. The site remains a key hub for vehicle assembly and is central to the company’s strategy to expand production in North America.

In Indiana, the investment will increase output of the Grand Highlander, which will be assembled alongside the Sienna minivan in the plant’s East facility while continuing production with the Lexus TX in the West facility.

“Today’s announcement reflects the company’s commitment to meeting customer demand and the belief in our team to get it done,” said Jason Puckett, president of Toyota Indiana.

Toyota said the investments are designed to increase throughput and support production of both traditional and electrified vehicles as demand shifts across the automotive market.

]]>

Looking for quick answers on assembly and manufacturing topics?


Try Ask ASM, our new smart AI search tool.

Ask ASM →

In addition to manufacturing expansion, the company is investing in workforce development programs tied to its production operations. Toyota Kentucky announced $4 million in funding for STEM education initiatives in local school systems and $400,000 to support manufacturing engineering programs at Eastern Kentucky University.

The company said the efforts are intended to support workforce readiness and ensure a pipeline of skilled workers for future production needs.

Toyota’s Kentucky plant employs approximately 10,000 workers, while its Indiana facility employs more than 7,000. The company said continued investment in facilities and workforce development is essential to maintaining production capacity and supporting long-term manufacturing growth in the United States.

Source link

FANUC America Announces $90 Million Investment to Create Production-Ready Capacity for Robot Manufacturing in the U.S.

ROCHESTER HILLS, Mich., March 24, 2026 /PRNewswire/ — FANUC America, a global leader in robotics and automation systems, today announced plans for a $90 million investment to acquire property and construct a new 840,000 sq. ft. facility in Michigan providing production-ready space for the potential expansion of the company’s existing U.S.-based manufacturing capabilities for robots.

FANUC America, a global leader in robotics and automation systems, has announced plans for a $90 million investment to acquire property and construct a new 840,000 sq. ft. facility in Michigan, providing production-ready space for the potential expansion of the company’s existing U.S.-based manufacturing capabilities for robots.

Targeted for completion in late 2027, this strategic project is expected to add 225 jobs. This expands FANUC America’s engineering capacity and advanced manufacturing capabilities to support growing demand for automation solutions across North America, including physical AI, virtual commissioning and digital-twin technologies.

“This investment builds on FANUC America’s Michigan manufacturing footprint, which has included producing robots for paint application domestically for more than four decades,” said Mike Cicco, President and CEO, FANUC America. “By expanding its U.S. presence, FANUC America will strengthen domestic manufacturing, improve responsiveness to customer needs, and support industries that rely on automation to stay competitive.”

With this announcement, FANUC America will have invested nearly $300 million in multiple new facilities, increased the company’s footprint to 3 million sq. ft. and created more than 700 jobs in the United States since 2019.

“FANUC America is committed to supporting U.S. reindustrialization by delivering state-of-the-art automation technologies to customers and broadening access to advanced manufacturing workplace training services,” Cicco said. “The newly expanded FANUC Academy—opening in Auburn Hills, MI, later this year—will become the largest robotics and automation skills-development center in the United States, helping address the national manufacturing skills gap, rising demand for automation talent, the shift toward AI-enabled robotics and the country’s overall competitiveness.”

About FANUC America Corporation 
FANUC America Corporation, a subsidiary of FANUC CORPORATION in Japan, provides industry-leading CNC systems, robotics and ROBOMACHINEs. FANUC’s innovative technologies and proven expertise help manufacturers maximize efficiency and maintain a competitive edge.

FANUC America is headquartered at 3900 W. Hamlin Road, Rochester Hills, MI 48309, and has facilities throughout North and South America. For more information, please call: 888-FANUC-US (888-326-8287) or visit our website: www.fanucamerica.com . Also, connect with us on YouTube, X, Facebook, LinkedIn and Instagram.

Media Contact:
[email protected]

SOURCE Fanuc America Corporation

Source link

HD Hyundai Electric expands US transformer manufacturing capacity

VIPs pose during a groundbreaking event for HD Hyundai Electric’s second plant in Montgomery, Ala., Friday (local time). Third from left are Montgomery City Council President Cornelius Calhoun, HD Hyundai Electric CEO Kim Young-ki, Korean Consulate General in Atlanta Lee Jun-ho, HD Hyundai Electric Vice Chairman Cho Seok and Alabama Department of Commerce Secretary Ellen McNair. Courtesy of HD Hyundai Electric

HD Hyundai Electric is strengthening its presence in the North American market, expanding its manufacturing capacity in the United States.

The company said Sunday that it held a groundbreaking ceremony in Montgomery, Alabama, Friday (local time), for the second plant of HD Hyundai Power Transformers USA, its North American manufacturing subsidiary.

The new facility, scheduled to be completed in April next year, will span 29,000 square meters within the existing Montgomery site.

By investing $200 million, the company will expand its ultra-high-voltage transformer production capacity by 50 percent and establish new testing and production lines for 765-kilovolt transformers, a key component seeing rising demand as the U.S. pushes to add high-voltage backbone transmission networks to its power grid.

Once completed, the new plant is expected to generate roughly 200 billion won ($134.68 million) in additional annual revenue.

“The North American manufacturing subsidiary has played a pivotal role in strengthening our foothold in the U.S. market through localized manufacturing,” a company official said.

“With the successful completion of the second plant and additional expansion at our Ulsan facility scheduled for September, we expect to further reinforce our leadership in the North American ultra-high-voltage transformer market.”

Established in 2011, HD Hyundai Power Transformers USA is the first transformer manufacturing facility built in the U.S. by a Korean electrical equipment company and remains the largest production site for power transformers in the country.

The company has steadily expanded its investment into the site over the past decade, initially investing 62.6 billion won to establish the plant and adding 53.7 billion won to boost capacity in 2018. In 2023, it added a dedicated transformer storage facility with an 18.3 billion won investment.

The regional manufacturing base has helped shorten delivery lead times and improve customer responsiveness, reinforcing its credibility and competitiveness in the market.

As a result, its U.S. operation has been seeing steady growth with the subsidiary’s annual revenue climbing from about $100 million in 2017 to roughly $400 million last year. Its workforce also expanded from 100 in 2011 to about 460 in 2025. The company plans to hire about 200 additional workers once the second plant is completed.

Source link

Hadrian Launches Additive Manufacturing Division to Expand U.S. Defense Production Capacity

New division brings production-ready additive manufacturing capacity online in 2026

TORRANCE, Calif., Jan. 22, 2026 /PRNewswire/ — Hadrian, the advanced manufacturing company building AI-powered factories for America, today announced the launch of Hadrian Additive. This dedicated division is designed to deliver scalable, production-ready additive manufacturing capacity for the U.S. Defense Industrial Base and allied partners.

The new division expands Hadrian’s Opus factory platform to include additive manufacturing systems built for qualification, repeatability, and sustained throughput—enabling defense programs to move from validated designs into reliable, at-scale production. Initial additive manufacturing capacity is expected to come online in 2026 as part of Hadrian’s expanding U.S. factory footprint.

Hadrian Additive integrates additive manufacturing directly into the company’s existing factory model, allowing additive production to support mission-critical systems within a single, end-to-end manufacturing environment.

“America’s defense industrial base needs additive manufacturing that works in real production, not just in prototypes,” said Chris Power, Founder and CEO of Hadrian. “We’re building this capacity the same way we build our factories—engineered for qualification, throughput, and speed—so critical programs can scale when it matters most.”

The division will be led by Matthew Parker, Vice President of Additive Manufacturing at Hadrian, and will focus on meeting the reliability, quality, and traceability requirements of defense and national security programs.

“Additive manufacturing only becomes strategic when it’s industrialized,” Parker said. “Hadrian Additive is designed as a production system from day one, integrated with our factory stack and capable of scaling as demand grows.”

The launch of Hadrian Additive builds on the company’s recent factory expansions and manufacturing initiatives, further strengthening domestic production capacity for priority defense programs.

About Hadrian
Hadrian is a next-generation manufacturing company transforming the U.S. industrial base by rapidly adding domestic manufacturing capacity through its highly automated factories. By integrating process engineering, artificial intelligence, machine learning, and robotics, Hadrian strengthens American manufacturing capabilities and enables U.S. workers to compete globally.

Hadrian’s mission is to enable space and defense manufacturers to produce domestically at scale, supporting production at every level, from individual components to full-scale programs. The company currently operates three advanced manufacturing facilities totaling approximately 600,000 square feet, including two sites in Torrance, California, and a newly launched facility in Arizona. Hadrian is actively developing additional production sites across the United States. More information at https://www.hadrian.co/.

About Matthew Parker
Matthew Parker is Vice President, Additive Manufacturing at Hadrian, where he leads the company’s Additive Manufacturing business unit and the buildout of a large-scale additive manufacturing capability supporting defense and aerospace customers. He is an engineering and operations leader in industrial AM, with a track record of standing up manufacturing capacity, industrializing processes, and transitioning additive programs into repeatable production.

Prior to joining Hadrian, Parker held senior leadership roles in additive manufacturing operations and engineering, leading cross-functional teams spanning production, engineering, quality, and customer delivery. A U.S. Army veteran, he brings a mission-first perspective and an emphasis on readiness—prioritizing speed, reliability, and disciplined execution—directly aligned with scaling additive manufacturing into dependable production capacity. His background includes large-format AM deployment, process qualification, industrialization, and partnership development across industry and standards organizations to advance material and process maturity for demanding applications.

Media contact: [email protected]

SOURCE Hadrian

Source link

NOVEON MAGNETICS COMPLETES $215 MILLION SERIES C TO EXPAND U.S. RARE EARTH MAGNET MANUFACTURING CAPACITY

Financing Round Led by One Investment Management Supports Expansion of Domestic Rare Earth Magnet Production and Facilitates Secondary Share Sale

SAN MARCOS, Texas, Jan. 19, 2026 /PRNewswire/ — Noveon Magnetics, Inc. (Noveon), a leading U.S. manufacturer of sintered rare earth permanent magnets, today announced the close of a $215 million Series C financing led by a $200 million investment from One Investment Management (OneIM). The capital will fuel significant growth of Noveon’s domestic rare earth magnet manufacturing capacity as demand accelerates across key sectors — including automotive, defense, AI, energy, and advanced manufacturing — and as the need to reshore critical U.S. supply chains becomes increasingly important. In addition, today’s Series C financing facilitates secondary sales by certain existing shareholders.

As part of the transaction, OneIM will appoint two new Series C board members.

“This financing marks a pivotal step in scaling Noveon’s production capabilities to meet rapidly growing customer demand,” said Scott Dunn, CEO of Noveon. “With the support of OneIM, we are accelerating deliveries of high-performance rare earth magnets produced entirely in the United States — scaling capacity, capability, and strengthening supply chain resiliency for our customers.”

Noveon was the first company to reshore full-scale production of sintered rare earth magnets to the United States. This investment positions Noveon to accelerate its growth trajectory by expanding capacity beyond 2,000 tons per year, enabling the company to support existing commercial partners and capture growing demand from critical industries requiring high-performance, high-quality magnetic materials.

Rare earth permanent magnets are essential to automotive systems, defense platforms, AI and data storage technologies, robotics, and advanced manufacturing applications. Noveon’s American manufacturing platform directly addresses long-standing supply chain vulnerabilities, delivering reliable, high-performance magnet solutions.

“Noveon is uniquely positioned to lead the reshoring of the rare earth magnet industry at a time when supply chain security and domestic manufacturing capacity are national priorities,” said Rajeev Misra, CEO and Co-Founder of OneIM. “The company has assembled exceptional talent and built the technical skills, operational expertise, and execution discipline required to scale U.S. rare earth magnet manufacturing. We are proud to support Noveon’s next phase of growth and I look forward to supporting the company as it builds capacity that can truly meet the moment.”

Over the last 12 months, Noveon has achieved several significant milestones, including entering into multi-year supply agreements with General Motors and ABB, forming strategic partnerships with Lynas and Solvay to help create a more resilient supply chain, and entering into a closed-loop magnet recycling initiative with LG Electronics and Kangwon Energy. These milestones have strengthened Noveon’s position as a leader in sintered NdFeB magnets and have laid the groundwork for offering a fully domestic, vertically integrated solution for rare earth magnets.

“I am incredibly proud of what our team has accomplished over the past year,” added Scott Dunn. “We look forward to building upon our strong momentum with support from our new and existing partners to deliver on our mission to reshore critical magnet production to the United States.”

Goldman Sachs & Co. LLC served as exclusive financial advisor to Noveon. 

About Noveon
Noveon is the only operational manufacturer of sintered NdFeB rare earth magnets in the United States and the first to reshore them in over 20 years. Through its proprietary EcoFlux™ technology, Noveon delivers a fully domestic, closed-loop magnet manufacturing capability that maximizes resource efficiency, allows for the beneficial use of recycled materials, and produces superior high-performance finished magnets that meet the full range of commercial and industrial demand. Noveon’s products provide a secure and resilient supply chain solution for critical applications including electric vehicles, wind turbines, robotics, motors, pumps, data storage, consumer electronics, and defense systems. Learn more at https://noveon.co/.

About OneIM
OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value by working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross-asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $10 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York.

Source link