Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -FundWay
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-27 14:21:19
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! (73361)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Deommodore Lenoir contract details: 49ers ink DB to $92 million extension
- Watch: Military dad's emotional return after a year away
- Horoscopes Today, November 12, 2024
- Why members of two of EPA's influential science advisory committees were let go
- MLS Star Marco Angulo Dead at 22 One Month After Car Crash
- 13 Skincare Gifts Under $50 That Are Actually Worth It
- Kentucky officer reprimanded for firing non-lethal rounds in 2020 protests under investigation again
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Monument erected in Tulsa for victims of 1921 Race Massacre
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Judge sets April trial date for Sarah Palin’s libel claim against The New York Times
- Trump ally Steve Bannon blasts ‘lawfare’ as he faces New York trial after federal prison stint
- Rachael Ray Details Getting Bashed Over Decision to Not Have Kids
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Mariah Carey's Amazon Holiday Merch Is All I Want for Christmas—and It's Selling Out Fast!
- Voyager 2 is the only craft to visit Uranus. Its findings may have misled us for 40 years.
- When do new 'Yellowstone' episodes come out? Here's the Season 5, Part 2 episode schedule
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Panel advises Illinois commemorate its role in helping slaves escape the South
Kansas basketball vs Michigan State live score updates, highlights, how to watch Champions Classic
Ex-Duke star Kyle Singler draws concern from basketball world over cryptic Instagram post
Grammy nominee Teddy Swims on love, growth and embracing change
Tom Brady Admits He Screwed Up as a Dad to Kids With Bridget Moynahan and Gisele Bündchen
Olivia Munn began randomly drug testing John Mulaney during her first pregnancy
Mariah Carey's Amazon Holiday Merch Is All I Want for Christmas—and It's Selling Out Fast!