May 31, 2007 - Posted at 5:54 p.m. CDT
MARION- Governor Mike Beebe joined corporate officials this afternoon in Crittenden County in announcing an additional $70 million investment by Hino Motors Manufacturing USA at its 400,000-square-foot plant at Marion.
"This expansion illustrates the strong partnership between Arkansas and Hino," said Beebe. "We will work together to keep that relationship mutually beneficial as Hino continues its successful growth in the coming years."
Hino now employs apprximately 600 people at the Marion plant, more than double the expected number of 280 employees at the facility's 2004 groundbreaking. The additional hiring laid the groundwork for the expansion, which will bring the company's total investment in Marion to $230 million.
Hino makes axles and suspension components for Toyota Tundra pick-up trucks. Toyota is the majority owner of Hino.
Today's announcement came as Beebe visited the Marion plant to mark the shipment of its 100,000th axle.
The plant opened in October 2006.