Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -StockSource
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-22 22:56:25
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! (559)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- He lost $340,000 to a crypto scam. Such cases are on the rise
- U.S. is barred from combating disinformation on social media. Here's what it means
- Inside Clean Energy: ‘Solar Coaster’ Survivors Rejoice at Senate Bill
- Sonya Massey's father decries possible release of former deputy charged with her death
- Prime Day 2023 Deal: 30% Off the Celeb-Loved Laneige Lip Mask Used by Sydney Sweeney, Alix Earle & More
- Thousands of authors urge AI companies to stop using work without permission
- Trisha Paytas Announces End of Podcast With Colleen Ballinger Amid Controversy
- DoorDash steps up driver ID checks after traffic safety complaints
- One Life to Live Star Andrea Evans Dead at 66
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Amazon Prime Day 2023 Home & Kitchen Deals: Save Big on Dyson, Keurig, Nespresso & More Must-Have Brands
- KitchenAid Mixer Flash Deal: Take $180 off During the Amazon Prime Day 2023 Sale
- Environmental Advocates Call on Gov.-Elect Wes Moore to Roll Back State Funding for Fossil Fuel Industry
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- How fast can the auto industry go electric? Debate rages as the U.S. sets new rules
- Amazon Prime Day 2023 Tech Deals: Save on Apple Watches, Samsung's Frame TV, Bose Headphones & More
- Traveling over the Fourth of July weekend? So is everyone else
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
The FTC is targeting fake customer reviews in a bid to help real-world shoppers
Leaders and Activists at COP27 Say the Gender Gap in Climate Action is Being Bridged Too Slowly
8 mistakes to avoid if you're going out in the heat
North Carolina justices rule for restaurants in COVID
This electric flying taxi has been approved for takeoff — sort of
Cities Are a Big Part of the Climate Problem. They Can Also Be a Big Part of the Solution
The quest to save macroeconomics from itself