Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -NextFrontier Finance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 04:19:30
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! (3817)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- A Florida man who shot down a law enforcement drone faces 10 years in prison
- Connecticut woman arrested, suspected of firing gunshots inside a police station
- Lebanese army rescues over 100 migrants whose boat ran into trouble in the Mediterranean
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Giraffe poop seized at Minnesota airport from woman planning to make necklace out of it
- Will Mauricio Umansky Watch Kyle Richards Marriage Troubles Play Out on RHOBH? He Says...
- The Best Holiday Beauty Gift Sets of 2023: Dyson, Rare Beauty, Olaplex & More
- Retirement planning: 3 crucial moves everyone should make before 2025
- Hand grenade fragments were found in the bodies of victims in Prigozhin’s plane crash, Putin claims
Ranking
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- A Texas killer says a prison fire damaged injection drugs. He wants a judge to stop his execution
- Boy thrown from ride at Virginia state fair hospitalized in latest amusement park accident
- How to watch Austin City Limits Music Festival this weekend: Foo Fighters, Alanis Morissette, more
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- The Best Holiday Beauty Gift Sets of 2023: Dyson, Rare Beauty, Olaplex & More
- Man encouraged by a chatbot to assassinate Queen Elizabeth II sentenced to 9 years in prison
- Typhoon Koinu heads toward southern China and Hong Kong after leaving 1 dead in Taiwan
Recommendation
Billy Bean was an LGBTQ advocate and one of baseball's great heroes
The Philippines' capital is running out of water. Is building a dam the solution?
Flying is awful, complaints show. Here's how to make it less so for holiday travel.
Giving birth in a war zone: The struggles of many Syrian mothers
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Police bodycam video shows arrest of suspect in 1996 killing of Tupac Shakur
What's plaguing Paris and why are Catholics gathering in Rome? Find out in the quiz
Montez Ford: Street Profits want to reassert themselves in WWE, talks Jade Cargill signing