Toyota’s catalytic converter supplier to invest $6.8m in upgrade at North Carolina plant in USA
Automotive catalytic converter manufacturer Cataler North America Corp plans to invest $6.8 million to purchase and install new production machinery at its plant in Lincoln County, North Carolina, USA.
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The county’s board of commissioners approved a request from economic development authorities to provide Cataler with an industrial incentive grant. The company employs 211 people and plans to hire additional production workers once the new equipment is installed.
Cataler is a primary supplier to Toyota Motor Manufacturing in North America. The equipment expansion is expected to support about 25% of Cataler’s current production demands.
The company, which experienced a severe production disruption last year due to the earthquake and tsunami in Japan, said it is recovering market share as consumer attention returns to Japanese manufacturers.