Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -InvestTomorrow
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 04:54:01
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! (2752)
Related
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Paul George: 'I never wanted to leave' Clippers, but first offer 'kind of disrespectful'
- The Supreme Court took powers away from federal regulators. Do California rules offer a backstop?
- Ancient relic depicting Moses, Ten Commandments found in Austria, archaeologists say
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Fifth Third Bank illegally seized people's cars after overcharging them, feds say
- NHRA icon John Force transferred from hospital to rehab center after fiery crash
- Church's Chicken employee killed after argument with drive-thru customer; no arrest made
- $73.5M beach replenishment project starts in January at Jersey Shore
- Taylor Swift sings two break-up anthems in Zürich, and see why she wishes fans a happy July 9
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Armed man fatally shot in gunfire exchange at Yellowstone National Park identified
- Election officials push back against draft federal rule for reporting potential cyberattacks
- Cavers exploring in western Virginia rescue ‘miracle’ dog found 40 to 50 feet down in cave
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Jennifer Garner and Ben Affleck’s Daughter Violet Affleck Speaks Out About Health in Rare Speech
- Yankees GM Brian Cashman joins team on road amid recent struggles
- 6 Ninja Turtle Gang members arrested, 200 smuggled reptiles seized in Malaysia
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Muslim inmate asks that state not autopsy his body after execution
Muslim inmate asks that state not autopsy his body after execution
Henry Winkler reveals he was once visited by the FBI: 'Oh my God'
Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
Brett Favre asks appeals court to to re-ignite lawsuit against Shannon Sharpe
Nevada's Washoe County votes against certifying recount results of 2 local primaries
MS-13 leader pleads guilty in case involving 8 murders, including deaths of 2 girls on Long Island