Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -GrowthProspect
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 01:38:02
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! (6238)
Related
- Federal hiring is about to get the Trump treatment
- Internal conflicts and power struggles have become hallmarks of the modern GOP
- The US declares the ousting of Niger’s president a coup and suspends military aid and training
- Kevin Phillips, strategist who forecast rising Republican power, dies at 82
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Cambodia records second bird flu death in a week, third this year, after no cases since 2014
- How RHOSLC's Angie Katsanevas & Husband Shawn Are Addressing Rumors He's Gay
- Former Haitian senator pleads guilty in US court to charges related to Haiti president’s killing
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Sam Bankman-Fried directed me to commit fraud, former FTX executive Caroline Ellison says
Ranking
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- 'Aggressive' mama bear, cub euthanized after sow charges at 2 young boys in Colorado
- Swans in Florida that date to Queen Elizabeth II gift are rounded up for their annual physicals
- North Carolina Republicans enact voting, election boards changes over Democratic governor’s vetoes
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Shop Amazon’s Prime Day 2023 Best Beauty Deals: Laneige, Color Wow, Sunday Riley & More
- Misleading videos alleging to show Israel-Hamas conflict circulate on X
- UEFA picks UK-Ireland to host soccer’s 2028 European Championship. Italy-Turkey to stage Euro 2032
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
California governor signs laws compelling universities to report return of Native American remains
Bedbugs can’t really hurt you. But your fear of them might, experts say.
Her name is Noa: Video shows woman being taken by Hamas at Supernova music festival where at least 260 were killed
The Daily Money: Spending more on holiday travel?
In Jhumpa Lahiri's 'Roman Stories,' many characters are caught between two worlds
A conversation with Nobel laureate Claudia Goldin (Update)
Pregnant Kourtney Kardashian Celebrates Stepson Landon Barker’s Birthday With Sweet Throwback Photo