Current:Home > MyToyota 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:2025-04-13 15:22:11
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! (7432)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Google CEO warns of more layoffs in 2024 amid artificial intelligence push
- Green Day, Jimmy Fallon team up for surprise acoustic set in NYC subway: Video
- Police in Brazil arrest the alleged killer of a Manhattan art dealer
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Brittany Mahomes Trolls Patrick Mahomes For Wearing Crocs to Chiefs Photo Shoot
- Grading Pascal Siakam trade to Pacers. How Raptors, Pelicans also made out
- An acclaimed graphic novel about Gaza is seeing a resurgence, brought on by war
- Bodycam footage shows high
- Star-studded breakaway Cuban baseball team celebrates its union, even without a place to play
Ranking
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- A county official vetoes a stadium tax for an April ballot, affecting Kansas City Chiefs and Royals
- 9/11 victim’s remains identified nearly 23 years later as Long Island man
- Barking dog helps rescuers find missing hiker 170 feet below trail in Hawaii
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Five tips for understanding political polls this election season
- Nebraska Gov. Jim Pillen backs anti-LGBTQ bill and tax cuts in state of the state address
- Couple gives $100M to Atlanta’s Spelman College, in largest single gift to a Black college
Recommendation
Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
A man is acquitted in a 2021 fatal shooting outside a basketball game at a Virginia high school
White House to meet with families of Americans taken hostage by Hamas
'Law & Order,' 'SVU' season premieres: release date, how to watch, cast
US appeals court rejects Nasdaq’s diversity rules for company boards
Shooting inside popular mall in Kansas City, Missouri, injures 6
‘Stop Cop City’ attacks have caused costs to rise for Atlanta police training center, officials say
A look inside the Icon of the Seas, the world's biggest cruise ship, as it prepares for voyage