Current:Home > FinanceToyota 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:2025-04-14 06:14:25
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! (5)
Related
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Full transcript of Face the Nation, Nov. 19, 2023
- Taylor Swift postpones Saturday Rio show due to high temperatures
- FDA warns against eating recalled cantaloupe over salmonella risk
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Canned seafood moves beyond tuna sandwiches in a pandemic trend that stuck
- Taylor Swift returns to the Rio stage after fan's death, show postponement
- Georgia deputy who shot absolved man had prior firing for excessive force. Critics blame the sheriff
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Former First Lady Rosalynn Carter Dead at 96
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Cassie Ventura reaches settlement in lawsuit alleging abuse, rape by ex-boyfriend Sean Diddy Combs
- BaubleBar’s Black Friday Sale Is Finally Here—Save 30% Off Sitewide and Other Unbelievable Jewelry Deals
- Papua New Guinea volcano erupts and Japan says it’s assessing a possible tsunami risk to its islands
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- Live updates | Shell hits Gaza hospital, killing 12, as heavy fighting breaks out
- Vogt resigns as CEO of Cruise following safety questions, recalls of self-driving vehicles
- Suspect arrested over ecstasy-spiked champagne that killed restaurant patron, hospitalized 7 others
Recommendation
Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
National Weather Service surveying wind damage from ‘possible tornado’ in Arizona town
Alabama police chief says department policies violated in fatal shooting of Black man outside home
NATO chief commits to Bosnia’s territorial integrity and condemns ‘malign’ Russian influence
British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
A Montana farmer with a flattop and ample lobbyist cash stands between GOP and Senate control
Cleveland Browns to sign QB Joe Flacco after losing Deshaun Watson for year, per reports
Najee Harris 'tired' of Steelers' poor performances in 2023 season after loss to Browns