$200 million boost for Indiana Toyota plant to expand production

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GEORGETOWN, Ky. (WISH) — Toyota on Monday announced a $1 billion investment in its Kentucky and Indiana manufacturing operations on Monday.

In Princeton, Indiana, a $200 million investment will expand production capacity for the Grand Highlander. This change will allow the SUV to be assembled in the facility’s East Plant alongside the Sienna minivan, while continuing production in the West Plant with the Lexus TX. The Indiana plant employs 7,300 people.

The announcement is part of a broader commitment made in November to invest $10 billion in Toyota’s U.S. plants over five years.

Toyota Motor Corp.’s stock price gained 1.1% in Tuesday morning trading on Japan’s Nikkei 225 after the announcement.

Jason Puckett, president of Toyota Indiana, said in a statement in a news release issued Monday, “Today’s announcement reflects the company’s commitment to meeting customer demand and the belief in our team to get it done.”

Puckett noted that for 30 years, the Indiana branch has focused on quality and “leading the charge into the future.”

The Gibson County city of Princeton, with 8,400 residents, is about a 40-minute drive north of downtown Evansville.

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