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 that major projects go Wright said. “It’s the step of something that be very, very significant.”

The manufacturing industry already has the process of reducing gas mileage, the biggest change recommended to involving replacing steel and frames with aluminum

Ford Motor Co. already has it plans to begin manufacturing trucks with aluminum beginning in 2015.

“The new have been agreed on by the companies and they are developing to meet those standards,” said. “There is a lot of steel in now. So there are a lot of possibilities for our

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 the quality of work we produce he said. “We have established in the can sheet market as a credible and provider.”

Anheuser-Busch and Coca-Cola are Wise’s customers.

Wise has 1,100 workers at its Colbert operation. The workforce has increased by 200 workers since 2010, officials said.

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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