Automotive components company invests $54 million in metal stamping expansion 2023

The Governor of Tennessee, Bill Lee, and the Commissioner of the Department of Economic and Community Development, Stuart McWhorter, have made an announcement that Toyota Boshoku Tennessee, LLC (TBTN) will be investing $54.4 million to expand its metal stamping facility in Jackson. This expansion will result in the creation of 80 new jobs in Madison County. The expansion will add an extra 87,000 square feet to the current Jackson factory. This will enable the firm to become a supplier of lower arm seats while also serving the other facilities of Toyota Boshoku America.

TBTN is a metal stamping company that caters to the automotive sector and now employs more than 600 people from the state of Tennessee. Its headquarters are located in Jackson. Since 2019, TNECD has provided financial assistance to roughly 25 different economic development initiatives in Madison County, which has resulted in about 1,600 new job commitments and $1.1 billion in new capital investment.

A company that makes parts for cars will spend $54 million to expand its metal stamping business.

The Governor of Tennessee, Bill Lee, issued the following statement in reaction to the recent news: “Tennessee’s robust business climate and unrivaled workforce continue to solidify our state’s position as a leader in the automotive sector.” I want to express my gratitude to TBTN for the continuous investment it has made in Jackson and for its dedication to the generation of jobs throughout Southwest Tennessee.

“When a company chooses to expand in our state, it is not only a testament to Tennessee’s workforce and business climate, but it is also a testament to the community that company calls home,” TNECD Commissioner Stuart McWhorter added. “When a company chooses to expand in our state, it is not only a testament to Tennessee’s workforce and business climate.” The statement made today demonstrates that Jackson and Madison County already possess the necessary resources to continue acting as a catalyst for TBTN’s expansion and continued success.