New Toyota Highlander parts made in Fairfield
Tuesday, July 01, 2008
Parts for the new Toyota Highlander will be stamped in Fairfield in 2009.
A groundbreaking was held Tuesday, July 1, for a 120,000-square-foot facility for Takumi Stamping, a producer of small metal-stamped auto parts,on Seward Road just north of Union Centre Boulevard.
In May, Fairfield City Council approved a 10-year, 75 percent abatement for the auto parts supplier exclusively for Toyota. The abatement will save the company about $38,000 a year during the life of the abatement and the Fairfield City School District will be compensated $12,000 a year during the term of the abatement.
The company will add 25 new full-time jobs over five years to its base of 300, and total payroll is estimated to be more than $8.7 million.
Takumi Stamping was established in 2001 as a joint venture between Pacific Industries and Takagi Manufacturing Co. Ltd., both based in Nagoya, Japan.
Construction for the new building is scheduled to take about six months.
Company officials said they will retain its current facility at 8945 Seward Road, which is near Commerce Center Drive. Company officials said the company will eventually need to expand again because of plans to add welding and shipping aspects to its business.