Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -GrowthSphere Strategies
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 06:07:44
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! (54)
Related
- Trump wants to turn the clock on daylight saving time
- Las Vegas hospitality workers at Venetian reach tentative deal on first-ever union contract
- Protesters plan large marches and rallies as Democratic National Convention kicks off in Chicago
- Arizona judge to announce winner of Democratic primary recount for US House race
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Former NFL player accused of urinating on passenger during Boston to Dublin flight
- Federal government grants first floating offshore wind power research lease to Maine
- South Dakota Supreme Court denies bid to exclude ballots initially rejected from June election
- Could your smelly farts help science?
- How Nevada aims to increase vocational education
Ranking
- A South Texas lawmaker’s 15
- University of Missouri student group ‘heartbroken’ after it was told to rename its Welcome Black BBQ
- Olympian Noah Lyles Defends Girlfriend Junelle Bromfield Against “Pure Disrespect and Hatred”
- Over 165,000 pounds of Perdue chicken nuggets and tenders recalled after metal wire found
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Jannik Sinner twice tests positive for a steroid, but avoids suspension
- 'Tiger King' made us feel bad. 'Chimp Crazy' should make us feel worse: Review
- Protesters plan large marches and rallies as Democratic National Convention kicks off in Chicago
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
One dead and six missing after a luxury superyacht sailboat sinks in a storm off Sicily
East Palestine residents want more time and information before deciding to accept $600M settlement
As much as 10 inches of rain floods parts of Connecticut. At least 1 person is dead
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Texas jury deciding if student’s parents are liable in a deadly 2018 school shooting
Jannik Sinner twice tests positive for a steroid, but avoids suspension
Witness recalls man struggling to breathe before dying at guards’ hands in Michigan mall