Current:Home > FinanceToyota 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:2025-04-18 15:48:28
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! (495)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Love Is the Big Winner in Paris: All the Athletes Who Got Engaged During the 2024 Olympics
- DNA on weapons implicates ex-U.S. Green Beret in attempted Venezuelan coup, federal officials say
- Cate Blanchett talks new movie 'Borderlands': 'It's not Citizen Kane!'
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- VP Candidate Tim Walz Has Deep Connections to Agriculture and Conservation
- PHOTO COLLECTION: AP Top Photos of the Day Thursday August 8, 2024
- 2 arrested in suspected terrorist plot at Taylor Swift's upcoming concerts
- DoorDash steps up driver ID checks after traffic safety complaints
- France advances to play USA for men's basketball gold
Ranking
- Arkansas State Police probe death of woman found after officer
- Christian Coleman, delayed by ban, finally gets shot at Olympic medal
- Cate Blanchett talks new movie 'Borderlands': 'It's not Citizen Kane!'
- Maui remembers the 102 lost in the Lahaina wildfire with a paddle out 1 year after devastating blaze
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Forecasters still predict highly active Atlantic hurricane season in mid-season update
- Hearing in Karen Read case expected to focus on jury deliberations
- Former Super Bowl MVP, Eagles hero Nick Foles retiring after 11-year NFL career
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Boeing’s new CEO visits factory that makes the 737 Max, including jet that lost door plug in flight
2024 Olympics: Canadian Pole Vaulter Alysha Newman Twerks After Winning Medal
Colin Jost abruptly exits Olympics correspondent gig
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Utah bans 13 books at schools, including popular “A Court of Thorns and Roses” series, under new law
West Virginia corrections officers plead guilty to not intervening as colleagues fatally beat inmate
Christina Hall Jokes About Finding a 4th Ex-Husband Amid Josh Hall Divorce