Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealthify
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 01:26:12
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! (63784)
Related
- A South Texas lawmaker’s 15
- Emma Roberts Weighs in on Britney Spears Biopic Casting Rumors
- Jaw-Dropping Old Navy Labor Day Sale: Tanks for $4, Jumpsuits for $12, and More Deals Up to 70% Off
- Richard Simmons' final days: Fitness guru deferred medical care to spend birthday at home
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- An Alabama man is charged in a cold case involving a Georgia woman who was stabbed to death
- Catholic diocese sues US government, worried some foreign-born priests might be forced to leave
- Deion Sanders after Colorado's close call: 'Ever felt like you won but you didn't win?'
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Leah Remini announces split from husband Angelo Pagán after 21 years
Ranking
- North Carolina justices rule for restaurants in COVID
- Milo Ventimiglia reunites with Mandy Moore for 'This Is Us' rewatch: See the photo
- One Tree Hill Sequel Series in the Works 12 Years After Finale
- Watch Travis Kelce annoy Christian McCaffrey in new Lowe's ad ahead of NFL season
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- 'Serial' case keeps going: An undo turns into a redo in Adnan Syed murder conviction
- Dwyane Wade Admits He and Gabrielle Union Had “Hard” Year in Tenth Anniversary Message
- 7 US troops hurt in raid with Iraqi forces targeting Islamic State group militants that killed 15
Recommendation
Bodycam footage shows high
'Serial' case keeps going: An undo turns into a redo in Adnan Syed murder conviction
Oregon ban on hard-to-trace ghost guns goes into effect Sunday
A former slave taught Jack Daniel to make whiskey. Now his company is retreating from DEI.
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
No criminal charges for driver in school bus crash that killed 6-year-old, mother
Farmers in 6 Vermont counties affected by flooding can apply for emergency loans
Fantasy author Brandon Sanderson breaks another Kickstarter record with Cosmere RPG