# Toyota Material Handling invests SEK 350M in Mjölby plant expansion

Toyota Material Handling is investing SEK 350 million to increase production capacity at its Mjölby, Sweden plant, aiming to produce 120,000 electrified vehicles annually. The investment includes a new 7,100 sqm powder painting facility already under construction.

- Type: Expansion
- Announced: 2024-04-02
- Where: Mjölby, Sweden, Sweden
- Value: $33.0M (350.0M SEK)
- Status: under construction
- Capacity: 120,000 electrified vehicles per year
- Products: electrified forklifts and material handling vehicles
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Toyota Material Handling](https://endata.com/companies/18417.md)

## Sources

- [automation.se](https://automation.se/toyota-material-handling-rekordsatsar-i-mjolby-for-produktionsokning/), 2024-04-02: "Toyota Material Handling investerar rekordbeloppet 350 miljoner för att öka produktionskapaciteten i Mjölby."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.