Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -OceanicInvest
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 19:22:41
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.
In February, the company said it would invest $1.3 billionat its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.
The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.
It will enable the company to offer more diverse color options for its vehicles, the company said.
“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”
The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.
Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (272)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Simu Liu Reveals the Secret to the People’s Choice Awards—and Yes, It’s Ozempic
- Greece becomes first Orthodox Christian country to legalize same-sex civil marriage, adoption
- Celebrate Presidents Day by learning fun, interesting facts about US presidents
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Parts of Southern California under evacuation warning as new atmospheric river storm hits
- Teen arrested after young girl pushed into fire, mother burned rescuing her: Authorities
- Jaromir Jagr’s return to Pittsburgh ends with his No. 68 being retired — and catharsis
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Loay Elbasyouni gave up hope many times that his parents would escape Gaza City. Here's how he saved them.
Ranking
- Meta releases AI model to enhance Metaverse experience
- Trump hawks $399 branded shoes at 'Sneaker Con,' a day after a $355 million ruling against him
- Mega Millions winning numbers for Friday night's $457 million jackpot
- How Taylor Swift Is Keeping Travis Kelce Close Amid Eras Tour Concerts in Australia
- Don't let hackers fool you with a 'scam
- Alexey Navalny's message to the world if they decide to kill me, and what his wife wants people to do now
- Joe Manganiello Makes Caitlin O'Connor Romance Instagram Official 7 Months After Sofía Vergara Breakup
- Michael Strahan's daughter Isabella shares health update after chemo: 'Everything hurts'
Recommendation
'Most Whopper
4 men killed in shooting at neighborhood car wash in Birmingham, Alabama
Sabrina Bryan Reveals Where She Stands With Her Cheetah Girls Costars Today
All the Candid 2024 People's Choice Awards Moments You Didn't See on TV
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
In Arizona, an aging population but who will provide care? Immigrants will play a big role
4 men killed in shooting at neighborhood car wash in Birmingham, Alabama
Sacramento State's Matt Masciangelo was hit an astounding 8 times in 9 at-bats