Toyota investing $750M at 5 U.S. plants, including Kentucky, creating 600 jobs

Cornelia Mascio
Marzo 15, 2019

Toyota Motor Corp said on Thursday it will invest $749 million in five us plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup.

"Last year our 1,400 team members built 630,000 engines, that's pretty unbelievable", said Mike Clark, general manager of manufacturing. Four-cylinder and V-6 engines are also built at the site.

The $288 million investment is going to drive up production 35%, increasing the plant's annual engine capacity from 670,000 to 900,000 by the end of 2021. There was also $170 million targeted to launch the 2020 Corolla on a new production line in Blue Springs, Miss.

The investment will introduce two new engine assembly lines: a new 4 cylinder and a V6 engine. "I'm excited to see how this new venture will continue to benefit our local communities and know West Virginia workers will be eager to fill the 123 new jobs coming to TMMWV".

"They deserve to know if they're a security threat", he said.

Other city and state leaders joined mayor Tommy Battle at the announcement.

"But I'd be disingenuous if I didn't say we also have an eye on trade", Lentz said.

Toyota announced Thursday it will boost its planned U.S. investment by $3 billion to $13 billion over 5 years to boost manufacturing in multiple states. It then bumped that number recently by an additional $3 billion, of which Thursday's announcement is a part.

The company is planning to invest $749 million in its Alabama, Kentucky, Missouri, Tennessee, and West Virginia plants Alabama is seeing the largest investment. The jobs are not coming to the WSAZ region, but the company is investing $238 million in the Georgetown plant. At the time, the average total hourly compensation for jobs at the plant was $45.47 - more than $90,000 a year for 40 hours of work a week, according to state documents.

Gov. Matt Bevin praised the announcement, saying, "To see this progress, to have a partner like Toyota, to be able to have somebody that is as truly as fine a corporate citizen of the world - and I mean this with respect to every other company, many of whom are here - I cannot think of a finer. corporate citizen as Toyota has been, at every turn, in every community, how blessed we are to have you".

In addition to these investments, the company announced a one million dollar grant to the National Center for Families Learning to promote literacy.

The plant was built as Toyota's first "wholly-owned vehicle manufacturing plant" in the United States.

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