Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProgressCapital
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 05:16:47
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! (437)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Amber Alert issued for 5-year-old girl believed to be with father accused in mother’s death
- How a yoga ad caught cyclist Anna Moriah Wilson's killer, Kaitlin Armstrong
- Light It Up With This Gift Guide Inspired by Sarah J. Maas’ Universe
- Skins Game to make return to Thanksgiving week with a modern look
- Tax season 2024 opens Monday. What to know about filing early, refunds and more.
- Grief and mourning for 3 US soldiers killed in Jordan drone strike who were based in Georgia
- The dark side of the (shrinking) moon: NASA missions could be at risk
- Intellectuals vs. The Internet
- Amelia Earhart's long-lost plane possibly spotted in the Pacific by exploration team
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Minnesota presidential primary ballot includes Colorado woman, to her surprise
- France’s National Assembly votes on enshrining women’s rights to abortion in French Constitution
- ICC prosecutor: There are grounds to believe Sudan’s warring sides are committing crimes in Darfur
- Sam Taylor
- Better Call Saul's Bob Odenkirk Shocked to Learn He's Related to King Charles III
- Colombia and the National Liberation Army rebels extend ceasefire for a week as talks continue
- France’s president gets a ceremonial welcome as he starts a 2-day state visit to Sweden
Recommendation
Bodycam footage shows high
Prince Harry’s lawyers seek $2.5 million in fees after win in British tabloid phone hacking case
Judge orders Oregon newspaper not to publish documents linked to Nike lawsuit
Grief and mourning for 3 US soldiers killed in Jordan drone strike who were based in Georgia
Sonya Massey's father decries possible release of former deputy charged with her death
Russian skater Kamila Valieva banned four years over doping, ending 2022 Olympic drama
Fans Think Travis Kelce Did This Sweet Gesture for Taylor Swift After Chiefs Championship Game
Priceless painting stolen by New Jersey mobsters in 1969 is found and returned to owner's 96-year-old son