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Released September 06, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The automotive sector, a warhorse of American industry, still has its surprises. U.S. new-vehicle sales, including retail and non-retail transactions, are estimated to surpass 1.35 million units in August, a 15.4% jump from the same period last year, according to a report from J.D. Power and GlobalData. Even with rising inventory levels and interest rates, automakers are benefiting from consistently strong demand. Industrial Info is tracking nearly $300 million worth of maintenance-related projects in the U.S. automotive sector that are set to kick off from October through December.
Click on the image at right for a graph detailing the top 10 parent companies for maintenance-related projects at U.S. auto-sector facilities that are set to kick off in the fourth quarter.
Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan), which accounts for more maintenance-related investment through December than any other automaker, is preparing for one-week maintenance shutdowns at two of its most important facilities: its truck and SUV assembly plant in San Antonio, Texas, which makes the popular Tacoma and Tundra models, and its engine and transmission plant in Buffalo, West Virginia, its only combined engine and transmission plant in North America. The Buffalo facility assembled more than 1 million units in 2022.
Both plants play key roles in Toyota's business. The San Antonio plant is the exclusive maker of its popular Tundra pickup model, and the Buffalo plant is the only manufacturing plant in North America to produce hybrid transaxles, according to the company. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the San Antonio and Buffalo projects.
Honda Motor Company (NYSE:HMC) (Tokyo, Japan) is preparing for weeklong shutdowns at two of its major auto-assembly plants in the Great Lakes region: its plant in Greensburg, Indiana, which produces its popular Civic Sedan and CR-V models, and its plant in East Liberty, Ohio, which produces the MDX and TLX models for subsidiary Acura. Subscribers can read detailed reports on the Greensburg and East Liberty projects.
Honda also aims to improve operations at its facilities that cater to the market for auto parts and accessories, which account for more than $173 million of the projected fourth-quarter spending on U.S. auto-sector maintenance. Two such projects are set to kick off this December in Ohio: one-week shutdowns at subsidiary Yachiyo Manufacturing of America's plastic automotive tank-manufacturing plant in Marion, which produces about 1 million units per year, and subsidiary Cardington Yutaka Technologies Incorporated's catalytic converter plant in Cardington. Subscribers can read detailed reports on the Marion and Cardington projects.
Original equipment manufacturer Tenneco Incorporated (Northville, Michigan) is preparing for a series of shutdowns, ranging from three days to a week, at facilities that produce critical automotive components: brake parts at its plant in Smithville, Tennessee; exhaust systems at another plant in Smithville; emission control systems at its plant in Angola, Indiana; and mufflers at its plant in Ligonier, Indiana. The Smithville facility is managed by DRiV Incorporated, the aftermarket division of Tenneco.
Tenneco's maintenance projects are set to begin in December and wrap up before the end of the year. Subscribers can read detailed reports on the Smithville brakes, Smithville exhaust systems, Angola and Ligonier projects.
The U.S. Tire Manufacturers Association projects total U.S. tire shipments will see a slight uptick in 2023, when compared with last year, and Goodyear Tire & Rubber Company (NASDAQ:GT) (Akron, Ohio) is preparing for a series of weeklong shutdowns at a trio of facilities managed by subsidiary Cooper Tire & Rubber Company: tire-manufacturing plants in Findlay, Ohio, and Texarkana, Arkansas, and a plant in Clarksdale, Mississippi, which manufactures tires and inner tubes. Subscribers can read detailed reports on the Findlay, Texarkana and Clarksdale projects.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for maintenance-related projects in the U.S. automotive sector that are set to kick off from October through December.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for maintenance-related projects at U.S. auto-sector facilities that are set to kick off in the fourth quarter.Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan), which accounts for more maintenance-related investment through December than any other automaker, is preparing for one-week maintenance shutdowns at two of its most important facilities: its truck and SUV assembly plant in San Antonio, Texas, which makes the popular Tacoma and Tundra models, and its engine and transmission plant in Buffalo, West Virginia, its only combined engine and transmission plant in North America. The Buffalo facility assembled more than 1 million units in 2022.
Both plants play key roles in Toyota's business. The San Antonio plant is the exclusive maker of its popular Tundra pickup model, and the Buffalo plant is the only manufacturing plant in North America to produce hybrid transaxles, according to the company. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the San Antonio and Buffalo projects.
Honda Motor Company (NYSE:HMC) (Tokyo, Japan) is preparing for weeklong shutdowns at two of its major auto-assembly plants in the Great Lakes region: its plant in Greensburg, Indiana, which produces its popular Civic Sedan and CR-V models, and its plant in East Liberty, Ohio, which produces the MDX and TLX models for subsidiary Acura. Subscribers can read detailed reports on the Greensburg and East Liberty projects.
Honda also aims to improve operations at its facilities that cater to the market for auto parts and accessories, which account for more than $173 million of the projected fourth-quarter spending on U.S. auto-sector maintenance. Two such projects are set to kick off this December in Ohio: one-week shutdowns at subsidiary Yachiyo Manufacturing of America's plastic automotive tank-manufacturing plant in Marion, which produces about 1 million units per year, and subsidiary Cardington Yutaka Technologies Incorporated's catalytic converter plant in Cardington. Subscribers can read detailed reports on the Marion and Cardington projects.
Original equipment manufacturer Tenneco Incorporated (Northville, Michigan) is preparing for a series of shutdowns, ranging from three days to a week, at facilities that produce critical automotive components: brake parts at its plant in Smithville, Tennessee; exhaust systems at another plant in Smithville; emission control systems at its plant in Angola, Indiana; and mufflers at its plant in Ligonier, Indiana. The Smithville facility is managed by DRiV Incorporated, the aftermarket division of Tenneco.
Tenneco's maintenance projects are set to begin in December and wrap up before the end of the year. Subscribers can read detailed reports on the Smithville brakes, Smithville exhaust systems, Angola and Ligonier projects.
The U.S. Tire Manufacturers Association projects total U.S. tire shipments will see a slight uptick in 2023, when compared with last year, and Goodyear Tire & Rubber Company (NASDAQ:GT) (Akron, Ohio) is preparing for a series of weeklong shutdowns at a trio of facilities managed by subsidiary Cooper Tire & Rubber Company: tire-manufacturing plants in Findlay, Ohio, and Texarkana, Arkansas, and a plant in Clarksdale, Mississippi, which manufactures tires and inner tubes. Subscribers can read detailed reports on the Findlay, Texarkana and Clarksdale projects.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for maintenance-related projects in the U.S. automotive sector that are set to kick off from October through December.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
