By james art Toyota Tsusho America Inc. (TAI), a member of Toyota Group, purchased property in Winston-Salem’s Whitaker Park. The Winston-Salem manufacturing plant is expected to create 39 new jobs over five years, promoting further industrial growth and opportunity in the area. This investment follows Toyota’s 2021 announcement of a record-setting battery manufacturing plant at the Greensboro-Randolph Megasite in Liberty, North Carolina. At this new facility, Toyota Tsusho will provide recycling and waste handling solutions for Toyota’s growing battery plant in Liberty.
Toyota Tsusho works with Greater Winston-Salem Inc. and the Economic Development Partnership of North Carolina (EDPNC) to facilitate the location project. This development positions Winston-Salem to contribute to the state’s growing battery manufacturing sector, anchored by Toyota’s landmark $14 billion investment in Liberty. (In January, this $14 billion investment was recognized with business facilities” best deal of the year award 2023 Entries are now being accepted for the 2024 Deal of the Year Awards.)
“Toyota Tsusho America’s commitment to innovation and sustainable growth remains at the forefront of our mission as we strive to create a better future for us all,” says the TAI spokesperson. Katie Williams. “We are excited to join Winston-Salem’s thriving industrial sector and look forward to sharing more about this project closer to our launch in late 2025.”
“Interest from companies in the electric battery sector is growing in Winston-Salem and Forsyth County,” said Mark Owens, president and CEO of Greater Winston-Salem Inc. “Toyota Tsusho’s investment in Whitaker Park highlights the benefits of the region and demonstrates the ripple effect we are seeing in Carolina Core as a result of Toyota’s battery project.”
Toyota’s North Carolina battery plant will become the largest economic development project in North Carolina history, with a $14 billion investment and the creation of more than 5,100 jobs. The Liberty plant is expected to begin production in 2025.
The metal distributor is located in Tarboro
In eastern North Carolina, Prudential Stainless & Alloys, LP purchased a warehouse facility in the Tarboro Commerce Center Industrial Park in Tarboro, North Carolina. The company will occupy and renovate the existing housing building with an investment of $8.4 million and the addition of 30 employees. Prudential Stainless is a major wholesale distributor of stainless steel, nickel alloy and aluminum pipe, tube and rod.
“We chose Tarboro because of the favorable business environment, welcoming people, central location for trucking and air transportation, and proximity to seaports. We are very excited to make this move and become a part of such a friendly community for years to come,” said Joe Kreitzer, President of Prudential Stainless & Alloys, LP
Prudential Stainless will relocate to North Carolina from New Jersey. The company will complete construction on the warehouse facility at One Commerce Center Drive and add another building for a total of 100,000 square feet, plus a one-acre fenced warehouse yard. The company will use the North Carolina Logistics Highway, a merger of transit partners to build adaptive transit solutions. Comprised of airports, highways, railways and seaports, Prudential Stainless will be able to design delivery solutions to meet their needs and product demand.
“The Carolinas Gateway Partnership prides itself on building a better future through economic growth. With Prudential Stainless moving to the region and their proven success as an industry leader and employer, the opportunity for a brighter future and economic growth in Tarboro is clear,” said Bob Pike, president and CEO of the Carolinas Gateway Partnership. “Prudential Stainless is poised to be a strong partner to the community and region, and we look forward to welcoming them to the Carolinas Gateway region.”
“The City of Tarboro is excited to welcome Prudential Stainless & Alloys, LP to our community and is excited about the creation of 30 jobs and an $8.4 million investment in our housing development. This milestone not only boosts our local economy, but also demonstrates the city’s commitment to attracting growth and providing valuable opportunities for our residents,” said Troy Lewis, Tarboro City Manager.