Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -FinanceCore
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 10:11:22
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! (37988)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Julia Ormond sues Harvey Weinstein saying he assaulted her; accuses CAA, Disney, Miramax of enabling
- Saudi Arabian company contests Arizona's revocation, nonrenewal of water leases
- New York City subway gunman Frank James deserves life in prison: Prosecutors
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- New York City subway gunman Frank James deserves life in prison: Prosecutors
- In Delaware's mostly white craft beer world, Melanated Mash Makers pour pilsners and build community
- 2023 on track to become warmest year on record: Copernicus report
- Trump issues order to ban transgender troops from serving openly in the military
- 3 Philadelphia officers injured in shooting after dispute about video game, police say. Suspect dead
Ranking
- A South Texas lawmaker’s 15
- Fukushima nuclear plant starts 2nd release of treated radioactive wastewater into the sea
- FIFA announces three-continent host sites for 2030 World Cup and 100th anniversary
- Police raid on a house in western Mexico uncovers workshop for making drone-carried bombs
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Future of Ohio’s education system is unclear after judge extends restraining order on K-12 overhaul
- Stock market today: Asian shares rise, buoyed by Wall Street rally from bonds and oil prices
- Tennis player Marc Polmans apologizes after DQ for hitting chair umpire with ball
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Prosecutors focus on video evidence in trial of Washington officers charged in Manny Ellis’ death
Judge orders central Indiana school shooter’s release into custody of parents
Nebraska lawmaker says some report pharmacists are refusing to fill gender-confirming prescriptions
New data highlights 'achievement gap' for students in the US
'Only Murders in the Building' renewed for Season 4 on Hulu: Here's what to know
While Las Vegas inaugurates its Sphere, London residents push back on plans for replica venue
Russia launches more drone attacks as Ukrainian President Zelenskyy travels to a European forum