Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -InfiniteWealth
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 12:55:32
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! (743)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Carbon Capture Takes Center Stage, But Is Its Promise an Illusion?
- North Carolina Hurricanes Linked to Increases in Gastrointestinal Illnesses in Marginalized Communities
- Little Big Town to Host First-Ever People's Choice Country Awards
- The Daily Money: Spending more on holiday travel?
- What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report
- Prince William got a 'very large sum' in a Murdoch settlement in 2020
- Disney sues Florida Gov. Ron DeSantis, claiming 'government retaliation'
- Why members of two of EPA's influential science advisory committees were let go
- Can forcing people to save cool inflation?
Ranking
- Nevada attorney general revives 2020 fake electors case
- Olivia Rodrigo Makes a Bloody Good Return to Music With New Song Vampire
- City and State Officials Continue Searching for the Cause of Last Week’s E. Coli Contamination of Baltimore’s Water
- The Fate of Protected Wetlands Are At Stake in the Supreme Court’s First Case of the Term
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- A tech billionaire goes missing in China
- Senate Votes to Ratify the Kigali Amendment, Joining 137 Nations in an Effort to Curb Global Warming
- Olivia Rodrigo Makes a Bloody Good Return to Music With New Song Vampire
Recommendation
Travis Hunter, the 2
Despite Layoffs, There Are Still Lots Of Jobs Out There. So Where Are They?
Twitter once muzzled Russian and Chinese state propaganda. That's over now
Inside Hilarie Burton and Jeffrey Dean Morgan's Incredibly Private Marriage
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Kate Spade 24-Hour Flash Deal: Get This $250 Crossbody Bag for Just $59 and a Free Wallet
The ‘State of the Air’ in America Is Unhealthy and Getting Worse, Especially for People of Color
Mattel unveils a Barbie with Down syndrome