Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -InvestPro
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 21:36:15
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! (78)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- US Coast Guard continues search off Georgia coast for missing fishing vessel not seen in days
- UAW expands its auto strike once again, hitting a key plant for Ram pickup trucks
- Marjory Stoneman Douglas High shooting site visited one last time by lawmakers and educators
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- 'Full of life:' 4-year-old boy killed by pit bull while playing in Detroit yard
- Chargers’ Justin Herbert melts under Chiefs pressure in loss at Kansas City
- Michigan State employee suspended after Hitler's image shown on videoboards before football game
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Flock of drones light up the night in NYC’s Central Park art performance
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- DHS warns of spike in hate crimes as Israel-Hamas war intensifies
- Why Jason Kelce Approves of Wife Kylie and Their Daughters Rooting for Travis Kelce's Team
- Sen. Menendez returns to New York court to enter plea to new conspiracy charge
- A South Texas lawmaker’s 15
- 2 New York hospitals resume admitting emergency patients after cyberattack
- 5 Things podcast: Will California's Black reparations to address slavery pass?
- 'Super fog' causes multi-car pileup on Louisiana highway: Police
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Washington Commanders' Jonathan Allen sounds off after defeat to New York Giants
Britney Spears' Full Audition for The Notebook Finally Revealed
Coast Guard rescues 4 Canadians from capsized catamaran off North Carolina
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Milwaukee comic shop looking to sell copy of first appearance of Spider-Man, book could go for $35K
Bad blood in Texas: Astros can clinch World Series trip with win vs. Rangers in ALCS Game 6
Humans are killing so many whales that a growing birth rate won't help