# Toyota's LTE and TMHMI plan €94M investment in forklift plants in Italy

LTE and Toyota Material Handling Manufacturing Italy plan to invest €94 million in their Ostellato and Bologna plants, including R&D for electric and hydrogen vehicles, with over 300 new jobs.

- Type: Investment
- Announced: 2024-07-02
- Where: Ostellato, Ferrara and Bologna, Emilia-Romagna, Italy
- Value: $101.0M (94.0M EUR)
- Jobs: 300
- Status: announced
- Products: forklifts, electric vehicles, hydrogen vehicles
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Lift Truck Equipment](https://endata.com/companies/78374.md)
- [Toyota Material Handling Manufacturing Italy](https://endata.com/companies/78375.md)
- [Toyota](https://endata.com/companies/16194.md) (partner)

## Sources

- [notizie.regione.emilia-romagna.it](https://notizie.regione.emilia-romagna.it/comunicati/2024/luglio/imprese-gruppo-toyota-la-ferrarese-lte-e-la-bolognese-tmhmi-presentano-alla-regione-un-piano-di-investimenti-e-ricerca-nel-settore-dei-carrelli-elevatori-e-della-movimentazione-industriale-quasi-94-milioni-di-euro-e-oltre-300-nuove-assunzioni-colla-un), 2024-07-02: "Un contributo importante a sviluppo e crescita dell’intera filiera del settore della Motor Valley dell’Emilia-Romagna"

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