Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeFocus
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 10:38:40
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! (618)
Related
- Intellectuals vs. The Internet
- It's never too late to explore your gender identity. Here's how to start
- What’s an Electric Car Champion Doing in Romney’s Inner Circle?
- Eminem's Daughter Hailie Jade Announces Fashionable Career Venture
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- CBS News poll finds most say Roe's overturn has been bad for country, half say abortion has been more restricted than expected
- Heading to Barbie Land? We'll help you get there with these trendy pink Barbiecore gifts
- Scarlett Johansson and Colin Jost Turn Heads During Marvelous Cannes Appearance
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- When a prison sentence becomes a death sentence
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- See maps of where the Titanic sank and how deep the wreckage is amid search for missing sub
- A plastic sheet with a pouch could be a 'game changer' for maternal mortality
- Federal Agency Undermining State Offshore Wind Plans, Backers Say
- South Korean president's party divided over defiant martial law speech
- CDC to stop reporting new COVID infections as public health emergency winds down
- Gov. Newsom sends National Guard and CHP to tackle San Francisco's fentanyl crisis
- Inside the Coal War Games
Recommendation
Nevada attorney general revives 2020 fake electors case
Toddlers and Tiaras' Eden Wood Is All Grown Up Graduating High School As Valedictorian
Moose attacks man walking dogs in Colorado: She was doing her job as a mom
Netflix switches up pricing plans for 2023: Cheapest plan without ads now $15.49
'Most Whopper
What’s an Electric Car Champion Doing in Romney’s Inner Circle?
World’s Most Fuel-Efficient Car Makes Its Debut
The Truth About Tom Sandoval and Influencer Karlee Hale's Relationship