Current:Home > MyToyota 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:2025-04-17 02:00:31
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! (86835)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- How Kim Kardashian Navigates “Uncomfortable” Situations With Her 4 Kids
- 'America's flagship' SS United States has departure from Philadelphia to Florida delayed
- Judge weighs the merits of a lawsuit alleging ‘Real Housewives’ creators abused a cast member
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Lost luggage? This new Apple feature will let you tell the airline exactly where it is.
- Food prices worried most voters, but Trump’s plans likely won’t lower their grocery bills
- Demure? Brain rot? Oxford announces shortlist for 2024 Word of the Year: Cast your vote
- Highlights from Trump’s interview with Time magazine
- RHOBH's Erika Jayne Reveals Which Team She's on Amid Kyle Richards, Dorit Kemsley Feud
Ranking
- A South Texas lawmaker’s 15
- Mike Tyson employs two trainers who 'work like a dream team' as Jake Paul fight nears
- Judge weighs the merits of a lawsuit alleging ‘Real Housewives’ creators abused a cast member
- Manhattan rooftop fire sends plumes of dark smoke into skyline
- What do we know about the mysterious drones reported flying over New Jersey?
- 'Survivor' 47, Episode 9: Jeff Probst gave players another shocking twist. Who went home?
- Mother of Man Found Dead in Tanning Bed at Planet Fitness Gym Details His Final Moments
- Mother of Man Found Dead in Tanning Bed at Planet Fitness Gym Details His Final Moments
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Trading wands for whisks, new Harry Potter cooking show brings mess and magic
Jake Paul's only loss led him to retool the team preparing him to face Mike Tyson
Craig Melvin replacing Hoda Kotb as 'Today' show co-anchor with Savannah Guthrie
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Bankruptcy judge questioned Shilo Sanders' no-show at previous trial
Nelly will not face charges after St. Louis casino arrest for drug possession
In bizarro world, Tennessee plays better defense, and Georgia's Kirby Smart comes unglued