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Tue May 8, 2012
Toyota To Boost Engine Production
GEORGETOWN, Ky. - If one is looking for evidence of a recovering manufacturing sector, look no further than Toyota Motor Manufacturing in Georgetown. The company has announced it’s boosting engine production.
Toyota officials along with Governor Steve Beshear are hailing Toyota’s latest expansion as welcome news – both for a company recovering from highly publicized recalls starting in 2009 and the state of the economy in the Bluegrass. Toyota announced Tuesday that it plans to increase assembly capacity of its 4-cyclinder engines by 100-thousand at the Georgetown plant. That will produce more than 80 new jobs. Toyota Motor Manufacturing president Wil James says the $30 million dollar investment is a hopeful sign.
"Manufacturing is a key driver to the economy because initially [when] manufacturing starts, people have to buy the tires, people have to make the seats, people have to get the raw materials, the rubber and things like that, and that drives the rest of the economy, " James said.
The upgrade will mean more engines for the Camry, Camry Hybrid, and the Rav4. Tuesday’s press conference was the latest in a string of production increase announcements at Toyota’s plants in Indiana, West Virginia, and Canada.