Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -DataFinance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-11 18:45:45
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! (86)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Toddlers and Tiaras' Eden Wood Is All Grown Up Graduating High School As Valedictorian
- Teen with life-threatening depression finally found hope. Then insurance cut her off
- MLB trade deadline tracker: Will Angels deal Shohei Ohtani?
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Thanks to Florence Pugh's Edgy, Fearless Style, She Booked a Beauty Gig
- Would Lionel Richie Do a Reality Show With His Kids Sofia and Nicole? He Says...
- Dolphins WR Tyreek Hill reaches settlement following incident at a Miami marina
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Knoxville has only one Black-owned radio station. The FCC is threatening its license.
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- These $26 Amazon Flats Come in 31 Colors & Have 3,700+ Five-Star Reviews
- In Oklahoma, a woman was told to wait until she's 'crashing' for abortion care
- With Greenland’s Extreme Melting, a New Risk Grows: Ice Slabs That Worsen Runoff
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Best Memorial Day 2023 Home Deals: Furniture, Mattresses, Air Fryers, Vacuums, Televisions, and More
- At least 4 dead and 2 critically hurt after overnight fire in NYC e-bike repair shop
- Summer House Reunion: It's Lindsay Hubbard and Carl Radke vs. Everyone Else in Explosive Trailer
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
U.S. charges El Chapo's sons and other Sinaloa cartel members in fentanyl trafficking
Abortion policies could make the Republican Party's 'suburban women problem' worse
See maps of where the Titanic sank and how deep the wreckage is amid search for missing sub
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Hurry to Coach Outlet to Shop This $188 Shoulder Bag for Just $66
ESPN's Shaka Hislop recovering after collapsing on air before Real Madrid-AC Milan match
Mike Ivie, former MLB No. 1 overall draft pick, dies at 70