FEBRUARY 25, 2004 - Posted at 8:07 a.m. CDT
LITTLE ROCK, AR - Another automotive supply company may announce by early April plans to build a plant in eastern Arkansas. That's from a report attributed to unnamed sources in the Arkansas Democrat-Gazette.
The new plant would be the third automotive supplier to locate in eastern Arkansas since Toyota Motor Corporation announced a year ago that it chose San Antonio over Marion for its next manufacturing plant.
In July, Denso Corporation announced it would build a plant in Osceola, employing about 500. In October, Sakae Riken Kogyo Company and its American subsidiary, Eakas Corporation, announced plans to build a factory in Wynne that will eventually employ 250.
Both Denso and Eakas are suppliers for Toyota.
The newspaper reported Wednesday that the new plant would employ about 500 to 600 workers.
Sean McAlinden, an analyst with the Center for Automotive Research in Ann Arbor, Michigan, says indications are building that Toyota wants to build an auto assembly plant in Arkansas.