Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -InfinityFinance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 20:03:15
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! (29782)
Related
- Small twin
- 2 firefighters die battling major blaze in ship docked at East Coast's biggest cargo port
- EPA Rejects Civil Rights Complaint Over Alabama Coal Ash Dump
- ‘We Will Be Waiting’: Tribe Says Keystone XL Construction Is Not Welcome
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Climate Change Worsened Global Inequality, Study Finds
- Inside Kate Upton and Justin Verlander's Winning Romance
- Keep Up With North West's First-Ever Acting Role in Paw Patrol Trailer
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Gabrielle Union Shares How She Conquered Her Fear of Being a Bad Mom
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Drilling, Mining Boom Possible But Unlikely Under Trump’s Final Plan for Southern Utah Lands
- Standing Rock: Dakota Access Pipeline Leak Technology Can’t Detect All Spills
- Book excerpt: American Ramble: A Walk of Memory and Renewal
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Keep Up With North West's First-Ever Acting Role in Paw Patrol Trailer
- Crossing the Line: A Scientist’s Road From Neutrality to Activism
- Nordstrom Rack Has Up to 80% Off Deals on Summer Sandals From Vince Camuto, Dolce Vita & More
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
From Pose to Queer as Folk, Here Are Best LGBTQ+ Shows of All Time
Lily-Rose Depp and The Weeknd React to Chloe Fineman's NSFW The Idol Spoof
Louisiana’s New Climate Plan Prepares for Resilience and Retreat as Sea Level Rises
The company planning a successor to Concorde makes its first supersonic test
The Common Language of Loss
In California, a Warming Climate Will Help a Voracious Pest—and Hurt the State’s Almonds, Walnuts and Pistachios
Nordstrom Rack Has Up to 80% Off Deals on Summer Sandals From Vince Camuto, Dolce Vita & More