Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -EliteFunds
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 08:26:40
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! (7)
Related
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Spills on Aging Enbridge Pipeline Have Topped 1 Million Gallons, Report Says
- Clues to Bronze Age cranial surgery revealed in ancient bones
- Red and blue states look to Medicaid to improve the health of people leaving prison
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Vanderpump Rules’ Ariana Madix Addresses Tom Sandoval and Raquel Leviss Breakup Rumors
- An Oscar for 'The Elephant Whisperers' — a love story about people and pachyderms
- Uber and Lyft Are Convenient, Competitive and Highly Carbon Intensive
- The White House is cracking down on overdraft fees
- LGBTQ+ youth are less likely to feel depressed with parental support, study says
Ranking
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Don't get the jitters — keep up a healthy relationship with caffeine using these tips
- Losing Arctic Ice and Permafrost Will Cost Trillions as Earth Warms, Study Says
- How to watch a rare 5-planet alignment this weekend
- Olympic men's basketball bracket: Results of the 5x5 tournament
- Midwest’s Largest Solar Farm Dramatically Scaled Back in Illinois
- Long Phased-Out Refrigeration and Insulation Chemicals Still Widely in Use and Warming the Climate
- How Do You Color Match? Sephora Beauty Director Helen Dagdag Shares Her Expert Tips
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
California Adopts First Standards for Cyber Security of Smart Meters
These students raised hundreds of thousands to make their playground accessible
These students raised hundreds of thousands to make their playground accessible
Kehlani Responds to Hurtful Accusation She’s in a Cult
3 abortion bans in Texas leave doctors 'talking in code' to pregnant patients
Are Kim Kardashian and Tom Brady Dating? Here's the Truth
New EPA Rule Change Saves Industry Money but Exacts a Climate Cost