Toyota to begin production of popular Lexus model in Georgetown, adding 750 jobs
04/19/2013 09:59 AM
The Georgetown Toyota plant will serve as the first U.S. site to produce the top-selling Lexus sedan, Toyota and Kentucky officials announced Friday.
Gov. Steve Beshear and local leaders announced Friday morning that Toyota Motor Manufacturing Kentucky will produce around 50,000 Lexus ES 350 vehicles by 2015. It will require a $360 million investment and will mean 750 new jobs.
Toyota also will invest an additional $171.2 million in other plant refurbishments, which Beshear said will add to the lasting impact Toyota has made on Kentucky.
“The numbers that jump out right away include the 750 jobs and the more than $530 million investment, but the establishment of production for the Lexus ES 350 will also afford Kentucky a tremendous opportunity to expand and strengthen its vast supplier base, creating even more growth potential in the future,” Beshear said in a statement. “Kentucky is proud of the confidence Toyota continues to demonstrate in our vibrant and skilled workforce as they prepare to make a vehicle model that, like them, has earned a reputation for high quality.”
According to a press release, Beshear met with top Toyota officials on an economic development trip in November to discuss the expansion of Toyota in the state and the possibility of Lexus production.
The Georgetown Toyota plant currently manufactures five models of Toyota cars.
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