Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -GlobalInvest
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 10:02:59
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! (44292)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Texas wildfire relief and donations: Here's how (and how not) to help
- Duchess of Sussex, others on SXSW panel discuss issues affecting women and mothers
- How James Crumbley's DoorDash runs came back to haunt him in Michigan shooting trial
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Why Fans Think Ariana Grande’s New Music Is About ex Dalton Gomez
- Treat Williams' death: Man pleads guilty to reduced charge in 2023 crash that killed actor
- Potential $465M federal clawback raises concerns about West Virginia schools
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Some fans at frigid Chiefs-Dolphins playoff game underwent amputations, hospital confirms
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Which movie should win the best picture Oscar? Our movie experts battle it out
- Indiana lawmakers pass bill defining antisemitism, with compromises
- What restaurants are open Easter 2024? McDonald's, Cracker Barrel, Red Lobster, more
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Why The Traitors’ CT Tamburello and Trishelle Cannatella Aren't Apologizing For That Finale Moment
- Government funding bill advances as Senate works to beat midnight shutdown deadline
- US judge rejects challenge to Washington state law that could hold gun makers liable for shootings
Recommendation
B.A. Parker is learning the banjo
This 21-year-old Republican beat a 10-term incumbent. What’s next for Wyatt Gable?
Queer Eye's Tan France Responds to Accusations He Had Bobby Berk Fired From Show
Teen Mom's Taylor Selfridge Reveals When Her Daughter Will Have Final Heart Surgery
Don't let hackers fool you with a 'scam
Why The Traitors’ CT Tamburello and Trishelle Cannatella Aren't Apologizing For That Finale Moment
Bill to protect election officials unanimously passes Maryland Senate
RNC votes to install Donald Trump’s handpicked chair as former president tightens control of party