The Alabama Economic Development Impact Report (formerly known as the New & Expanding Report) is produced annually by the Alabama Department of Commerce to provide a detailed look at economic development activity across the state. This report can be found on the Business Development Division's website, madeinalabama.com. The 2022 report contains information about 229 projects that resulted in a record $10.1 billion in new capital investment and over 13,000 new and future jobs. The report features county-by-county breakdowns and rankings, along with information about foreign direct investment in the state.
Japanese companies invested $289,200,000 with 6 new projects and 411 new jobs created in 2022. JASA will recognize the 2022 New and Expanding Japanese companies in our Annual Celebration Dinner which will be held on November 9, 2023 at Birmingham Ross Bridge.
The recognized companies are listed below in alphabetical order. Please contact us if you have any questions or require additional information about these companies.
See past New and Expanding Companies: 2019, 2021.
Type: Expanding County: Cullman City: Cullman Business Activity: Iron Castings, Unfinished Manufacturing Capital Investment: $1,200,000 CCC is a state-of-the-art gray iron foundry located in Cullman, Alabama. A wholly owned subsidiary of North Vernon Industry Corporation, Cullman Casting utilizes V-Process molding for counterbalance products. We have received numerous supplier awards for Quality, Cost and Delivery. Induction Melting System •Environmentally Friendly – MACT Emission Standard Compliant •Stable, Consistent Raw Materials Vacuum Mold System •Environmentally Friendly – No hazardous waste •100% Recycleable Sand – No binders •Uniform Mold Consistency •Improved Casting Surface – Reduced labor to finish product •Virtually Zero Pattern Wear – Reduced tooling maintenance |
Type: Expanding County: Morgan City: Decatur Business Activity: Plastics Material and Resin Manufacturing Capital Investment: $32,000,000 Daikin America was established in 1991 and today is the world’s foremost developer and manufacturer of fluorochemical products. While our foundation is global, our relationships are local. At Daikin America, our technical service and support staff in 30 locations in TX, FL, NY, CA, KY, MN, AL, MA are committed to meet your existing and future needs. We are your personal contacts and suppliers in the United States. With concern for the global economy and environment, our commitment is to develop products that do more with less – less waste, less energy, less material – yet produce increased performance and greater longevity. Our advanced engineering and technical expertise is backed by experienced service and support. Better chemistry, easier process, higher performance – that’s Daikin America. |
Type: Expanding County: Colbert City: Florence Business Activity: Plastics Product Manufacturing Jobs Created: 100 Capital Investment: $15,000,000 North American Lighting (NAL) is a member of the Japan-based Koito Group of companies and has been manufacturing automotive lighting systems for vehicle manufacturers since 1983. Today, we are the largest lighting supplier to automotive OEMs in North America. With eight facilities in the United States, NAL provides advanced lighting technology, engineering design expertise, and state-of-the-art production capabilities to auto makers based in North America and beyond. This, combined with our global network of Koito Group companies, uniquely positions NAL to meet increasing global demand for safe, energy-efficient, eco-friendly, intelligent automotive lighting systems. As a tier one OEM supplier, NAL is recognized for delivering best-in-class quality, value and customer satisfaction. By tightly integrating our people, processes, technologies and business systems, NAL has become a trusted partner with the talent to transform fantastic lighting design concepts into manufacturable automotive jewels. |
Type: Expanding County: Cullman City: Cullman Business Activity: Motor Vehicle Metal Stamping Jobs Created: 311 Capital Investment: $4,000,000 Since its beginning in 1935, our company, Topre Corporation, has been advancing its core technologies—namely, metal press forming technology and die design technology. Today, we apply these technologies in supplying various high-performance components and products to different industries, including automobiles, temperature-controlled logistics, air conditioning systems, and electronic equipment. All earn high praise from our customers. Topre America Corporation is a Japanese owned industry leader in metal stamping and assembly technologies. We are a 3 shift Tier One Suppler to the Automotive Industry with 5 plants located in AL, MS TN, and OH. Our Corporate headquarters in Cullman, AL is our largest campus with just under 1,000 employees. |
Toray Composite Materials America
Type: Expanding County: Morgan City: Decatur Business Activity: Carbon and Graphite Product Manufacturing
Capital Investment: $15,000,000 Toray Composite Materials America, Inc. (CMA) is proud to be a leader in producing advanced composite materials for use in aerospace, defense, industrial, and automotive industries in the United States and around the world. In 1997, the Toray Carbon Fibers America, Inc. (CFA) plant was established in Decatur, Alabama. The Decatur plant was incorporated in Morgan County, an area with a history in the chemical industry that offers ideal conditions for carbon fiber production. Now known as Toray Composite Materials America, Inc (CMA Decatur), our Alabama plant operates production lines from precursor to carbon fiber and has a diverse base of customers in aerospace, defense, industrial and automotive. The CMA Decatur team manufactures Standard Modulus, Intermediate Modulus, and Intermediate Modulus Plus (IM+) for customers around the world. |
Type: Expanding County: Madison City: Huntsville Business Activity: Motor Vehicle Gasoline Engine and Engine Parts Manufacturing Capital Investment: $222,000,000 Type: Expanding County: Madison City: Huntsville Business Activity: Motor Vehicle Gasoline Engine and Engine Parts Manufacturing Capital Investment: $222,000,000 Engine producer, Toyota Motor Manufacturing, Alabama (TMMAL), employs more than 1,900 team members and builds more than 3,000 engines each day. Producing one-third of Toyota’s engines in the U.S. at its 1.3 million-square-foot facility, TMMAL is the only plant to build four-cylinder, V-6 and twin-turbo under one roof. TMMAL powers popular Toyota vehicles like the Highlander, Sienna, RAV4, Corolla, Corolla Cross, Tundra, Tacoma and Sequoia. Fast Facts: - Toyota Alabama produces one-third of all Toyota engines built in the U.S. - Only Toyota plant globally to have built 4-cylinder, V6 and V8 engines under one roof. - Three out of four production lines produce both combustion and hybrid engines. Investments, Jobs and Production: - Eight major investments and six building expansions since groundbreaking in 2001. - The latest $222 million investment creates a new 4-cylinder engine line and will support HEV production. Project to be complete in the fall of 2023. - Only Toyota plant in North America to build the Twin Turbo V6 engine. Engine producer, Toyota Motor Manufacturing, Alabama (TMMAL), employs more than 1,900 team members and builds more than 3,000 engines each day. Producing one-third of Toyota’s engines in the U.S. at its 1.3 million-square-foot facility, TMMAL is the only plant to build four-cylinder, V-6 and twin-turbo under one roof. TMMAL powers popular Toyota vehicles like the Highlander, Sienna, RAV4, Corolla, Corolla Cross, Tundra, Tacoma and Sequoia. Fast Facts: - Toyota Alabama produces one-third of all Toyota engines built in the U.S. - Only Toyota plant globally to have built 4-cylinder, V6 and V8 engines under one roof. - Three out of four production lines produce both combustion and hybrid engines. Investments, Jobs and Production: - Eight major investments and six building expansions since groundbreaking in 2001. - The latest $222 million investment creates a new 4-cylinder engine line and will support HEV production. Project to be complete in the fall of 2023. - Only Toyota plant in North America to build the Twin Turbo V6 engine. |
Address Post Office Box 43114 Vestavia, AL 35243
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