Wise, Toyota could become partners — TimesDaily: Local News

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Toyota Project Go

Wise, Toyota could partners

Posted: Thursday, 7, 2013 12:00 am

Wise, could become partners By Delinski and Mike Goens Of the timesdaily.com | 0 comments

MUSCLE — Wise Alloys and Toyota Corp. are studying a possible that would make the aluminum sheet producing a major player in the evolving manufacturing industry.

Wise announced Wednesday the companies into a memorandum of understanding to the feasibility of a joint venture.

If the which is to be completed by March, a partnership is beneficial to both Toyota could sign a with Wise to provide for use in manufacturing Toyota vehicles. It was Wednesday how many or which models would be involved in the project with Wise.

The partnership would produce jobs at Wise, but company made it clear it’s too to speculate about how jobs be created or the total financial involved in the project.

“It’s to even be considered for a partnership an industry leader such as said Wes Oberholzer, executive president and chief operating at Wise. “To reach this in the process represents the first and an step in a multi-step process. We this as very good

Oberholzer said Toyota Wise officials early year to determine the company’s in the project. Officials with Alloys, which focuses on producing aluminum sheets for the can industry, quickly committed and determined it can produce the desired

If the partnership is formed, Wise instantly become a major in the automobile manufacturing industry is racing to meet federal for all U.S.-made vehicles to produce of 54.5 miles per gallon of

Forrest Wright, president of the Economic Development Authority, this still is in the study and he is approaching it with “very optimism.”

“It’s a due-diligence process major projects go through,” said. “It’s the first of something that could be very significant.”

The automobile industry already has started the of reducing gas mileage, with the change recommended to date replacing steel body and with aluminum components.

Motor Co. already has announced it to begin manufacturing F-150 with aluminum frames in 2015.

“The new standards been agreed on by the automobile and they are developing solutions to those standards,” Oberholzer “There is a lot of steel in vehicles So there are a lot of possibilities for our industry.”

Using aluminum will vehicles lighter, which increase gasoline mileage.

The study will involve work as well as numerous of putting together a business

Toyota Project Go

Company officials said a party, which has asked not to be will provide technological and support for the study.

Oberholzer the process of making aluminum for use in the automobile industry is less than providing aluminum can

“This can be managed in-house,” he

Oberholzer said geographic likely played a role in contacting Wise for the project, but he another factor likely a key role, too.

“This reflects the quality of we produce here,” he said. “We established ourselves in the can sheet as a credible and reliable provider.”

and Coca-Cola are among Wise’s

Wise has about 1,100 at its Colbert County operation. The has increased by about 200 workers 2010, company officials

Bernie Delinski can be reached at or 256-740-5739.

Mike Goens can be at mike.goens@TimesDaily.com or 256-740-5740.

Toyota Project Go
Toyota Project Go

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