GEORGETOWN, KY (WAVE) - Toyota is investing over a billion dollars in its plant in Scott County, Kentucky.
On April 10, the Japanese automaker announced that it's investing $1.3 billion in the Toyota Motor Manufacturing Kentucky, Inc., which is the company's biggest plant worldwide with more than 8,000 workers.
The money will be used to upgrade assembly technology at the Georgetown plant, which produces three models of vehicles - the popular Camry, the Toyota Avalon and the Lexus ES350. Hybrid versions of the Camry and Avalon are also made at TMMK.
"This investment is absolute proof the Kentucky Toyota plant is not only a leader in manufacturing under the Toyota umbrella, but throughout the world," said Gov. Matt Bevin. "It directly points to the hard work and dedication of the plant's employees, as well as Toyota's commitment to our Commonwealth. This project further distinguishes Kentucky as we work toward widespread recognition as an engineering and manufacturing hub of excellence in North America."
Toyota says the Kentucky investment is part of plans to invest $10 billion in the U.S. over the next five years. The investment does not mean new jobs, although the plant recently added 700 workers to help launch the 2018 Camry.
The investment is said to be the largest of any automaker in Kentucky and the second-largest in state history.