Toyota Georgetown marks 25 years in Kentucky
Former Top Plant winner has made its mark in manufacturing
As Toyota marks its 25th anniversary as a manufacturing plant in Kentucky, the Georgetown facility remains among the country’s most honored and impactful facilities. In an op-ed piece for Kentucky.com, Jay S, Baron of the Center for Automotive Research noted the economic impact of the plant.
“Last March, the Center for Automotive Research published an economic contribution study estimating that Toyota's U.S. operations in 2010 supported an additional 25,000 jobs in Kentucky making auto parts, conducting research and design, supplying services to plants, or providing goods and services to Toyota and Toyota supplier employees,” Baron wrote. “Toyota has invested a total of $5.7 billion in the plant over the years and, as of 2010, the plant had produced more than 8 million vehicles. As a world-class manufacturing facility, the Georgetown assembly plant and its products have earned many achievements and awards.”
Among those awards was the 2006 Top Plant award presented by Plant Engineering.
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey