Toyota to build Lexus ES 350 in Kentucky; 750 new jobs — Louisville Public…

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Toyota to build Lexus ES 350 in 750 new jobs

April 23, 2013

once again that is a powerhouse in the global auto Gov. Steve Beshear announced Toyota Motor Kentucky (TMMK) will be the U.S. production site for the ES 350 model, the top-selling Lexus in the world, just a few miles of Louisville.

Gov. Beshear the historic announcement in Georgetown along with local and Toyota officials in both and via satellite from New York.

will produce about Lexus vehicles a year in 2015. The expansion for Lexus a $360 million investment and create 750 new jobs in the Commonwealth. will invest an additional million in other plant The investment is the second-largest ever by Toyota in its Georgetown plant, and the since the $800 million of Plant 2 in 1991, more 20 years ago.

“Since its arrival here in the impact Toyota has had on Kentucky has immeasurable, and the addition of Lexus only adds to that legacy,” said Gov. “The numbers that out right away include the 750 and the more than $530 investment, but the establishment of production for the ES 350 will also afford a tremendous opportunity to expand and its vast supplier base, even more growth in the future. Kentucky is proud of the Toyota continues to demonstrate in our and skilled workforce as they to make a vehicle model like them, has earned a for high quality.”

Gov. administration developed key legislation allowed Toyota to evaluate the of moving Lexus ES production to the

The Kentucky Jobs Retention Act is an incentive program designed to job creation and significant investments in automotive and parts manufacturing The program originally was designed to the recent investment and job growth by in Louisville, but Gov. Beshear its potential for other auto and large parts manufacturing He signed House Bill 400 (HB sponsored by Rep. Larry of Louisville, and passed in the 2012 legislative session, which the KJRA to make it accessible to like Toyota.

Recognizing the enormous prospect of an investment, Gov. Beshear met with top Toyota officials an economic development visit to in November, when he discussed plans for Toyota in Kentucky, a possible addition of Lexus

“I’m proud of our economic team’s constant efforts to Kentucky competitive,” said Beshear. “Expanding a key incentive – one that had demonstrated success in our already – helped us to land an investment from Toyota, will in turn create more investment through and other support businesses. means more dependable, jobs for our families.”

To secure Toyota’s investment and job in Georgetown, the Kentucky Economic Finance Authority preliminarily the company for tax incentives up to $146.5 through the Kentucky Jobs Act.

The Lexus ES 350, only assembled in Japan, is best-selling sedan, with 58,850 vehicles sold in America in 2012, including in the United States. The addition of 50,000 Lexus vehicles a will bring TMMK’s production capacity to more 550,000 vehicles by 2015.

utilizes more than 350 across the United States about 100 in Kentucky. Established in 1986, TMMK is Toyota’s manufacturing facility outside of employing approximately 6,700 The plant currently assembles the Camry, Camry Hybrid, Avalon Hybrid, and Venza; also manufactures 4-cylinder and V6

“It is fitting that the first to build the ES outside of Japan is the States because this is for Lexus. It’s where the was founded and is still the biggest for our luxury brand,” said Toyoda, president of Toyota Corporation. “It is also fitting we chose Kentucky because it was first stand-alone plant in So in a way, for manufacturing, Kentucky is home. It also has some of the Toyota team members in the I want to personally thank Steve Beshear for creating a business environment and supporting our which is still going after more than a century.”

The location of TMMK in has helped drive Kentucky’s industry into the thriving it is today. Kentucky is currently to approximately 450 automotive-related industries employ nearly 80,000 Additionally, the ties between and the Japanese business community to flourish, with Kentucky boasting more than 150 manufacturing, service and technology that collectively employ people.

“This announcement is a tribute to the of the Team Members at TMMK,” Sen. Damon Thayer, of “Their quality workmanship is worldwide and they have earned the right to build the ES 350. The jobs this create are an enormous boost to our at a time when we really it.”

“Today’s announcement Toyota will move of the Lexus ES 350 to Georgetown and create 750 is an outstanding achievement for the men and women of Georgetown Manufacturing Center,” Rep. Ryan Quarles, of “This is a reflection on the high workforce our community and the Commonwealth at Georgetown plant, but also on the economic climate Georgetown and County offer to business and

Information on Kentucky’s economic efforts and programs is available at Fans of the Cabinet for Economic can also join the discussion on at www.Facebook.com/ThinkKentucky or follow on Twitter at .

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