Toyota announces $461 million investment in Kentucky plant

Toyota says it is investing $461 million into its first U.S. plant to add new technology, increase production flexibility and reduce its carbon footprint

GEORGETOWN, Ky. -- Toyota is investing $461 million into its first U.S. plant to add new technology, increase production flexibility and reduce its carbon footprint, the company said Friday in a statement.

Plans include upgrading the Georgetown plant with advanced manufacturing equipment and technologies that will increase speed, flexibility, and competitiveness, the statement said. That includes improvements to expand the plant's ability to manufacture new electric products.

The company also plans to add a 2.4-liter turbo engine line, which will support expanding the range of vehicles produced in North America.

“As Toyota’s most experienced assembly plant in the U.S. with a workforce of about 9,000, TMMK must transform physically and strategically to meet the changing needs of customers,” said Susan Elkington, president of Toyota Motor Manufacturing Kentucky.

Kentucky Gov. Andy Beshear praised the announcement and said the state looks forward "to being a part of Toyota’s future of electrification.”

The plant began its transformation in 2017 with a $1.3 billion investment to equip the facility with the Toyota New Global Architecture manufacturing platform and a new paint operation.