Toyota Motor Corp., announced today it will increase annual engine assembly capacity of 4-cylinder engines by more than 100,000 at its plant in Georgetown, Ky. The expansion will boost engine production from 400,000 annually to more than 500,000 annually.
The increase will begin August 2013. The approximately $30 million project will create about 800 new jobs.
At this moment Toyota Motor Manufacturing, Kentucky (TMMK) builds engines for the Avalon, Camry and Venza vehicles. The capacity increase will supply engines for TMMK’s Camry and Camry Hybrid and RAV4 in Woodstock, Ontario.
The increase will raise TMMK total employment to approximately 6,700 and total plant investment to more than $5.96 billion.
The Kentucky expansion is the latest production increase from Toyota, including plants in Indiana, West Virginia and Canada. The total investment is about $565 million and nearly 1,000 jobs are being added.
By volume, the Japanese carmaker said in February that deliveries — including those of its Daihatsu Motor and Hino Motors units — will increase 21% to a record 9.58 million vehicles in the regular calendar year (globally). That would be more than last year’s sales by GM, which hasn’t given a forecast for 2012.