Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthPro Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 21:44:56
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! (13369)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Slogging without injured MVP (again), Atlanta Braves facing an alternate October path
- California socialite gets 15 to life for 2020 hit-and-run deaths of two young brothers
- Rising costs for youth sports represents a challenge for families in keeping children active
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Michigan manufacturing worker killed after machinery falls on him at plant
- Intensifying Tropical Storms Threaten Seabirds, New Research Shows
- A New York county with one of the nation’s largest police forces is deputizing armed residents
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Sparks coach Curt Miller shares powerful Pride Month message
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- A weird 7-foot fish with a face only a mother could love washed ashore in Oregon – and it's rarer than experts thought
- US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel
- Hayley Kiyoko Talks Self-Love, Pride, And Her Size-Inclusive Swimwear Collab With Kitty & Vibe
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Slogging without injured MVP (again), Atlanta Braves facing an alternate October path
- Why Bachelor's Joey Graziadei & Kelsey Anderson Have Been Living With 2 Roommates Since Show Ended
- Another Blowout Adds to Mystery of Permian Basin Water Pressure
Recommendation
Sam Taylor
US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel
Is 'Hit Man' based on a true story? Fact checking Glen Powell's Netflix Gary Johnson movie
Defense attorney for rapper Young Thug found in contempt, ordered to spend 10 weekends in jail
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Sen. John Fetterman and wife Gisele involved in two-vehicle crash in Maryland
Militants attack bus in India-controlled Kashmir, kill 9 Hindu pilgrims, police say
North Carolina State channeling Jim Valvano all the way to College World Series