Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthStream
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 03:01:08
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! (1889)
Related
- Trump wants to turn the clock on daylight saving time
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Firecrackers
- Google fires 28 workers after office sit-ins to protest cloud contract with Israel
- Bethenny Frankel says she was 'relieved' about 2012 miscarriage amid marriage to Jason Hoppy
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Sweeping gun legislation awaits final votes as Maine lawmakers near adjournment
- Ashanti engaged to Nelly, reveals she's pregnant after rekindling their romance
- Republican AGs attack Biden’s EPA for pursuing environmental discrimination cases
- South Korean president's party divided over defiant martial law speech
- Charges dropped against suspect in 2016 cold case slaying of Tulane graduate
Ranking
- The White House is cracking down on overdraft fees
- 1985 homicide victim found in shallow grave in Florida identified as Maryland woman
- 10 detained in large-scale raid in Germany targeting human smuggling gang that exploits visa permits
- Plumbing repairs lead to startling discovery of century-old treasure hidden inside Michigan home
- Don't let hackers fool you with a 'scam
- Toyota recalls about 55,000 vehicles over rear door issue: See affected models
- Camila Mendes Keeps Her Evolving Style Flower-Fresh in Coach Outlet’s Latest Flower World Collection
- What to know about the jurors in Trump's hush money trial in New York
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
5 years after fire ravaged Notre Dame, an American carpenter is helping rebuild Paris' iconic cathedral
New York competition, smoking, internet betting concerns roil US northeast’s gambling market
Pilot swims to shore with dog after plane crashes into Pacific Ocean near Los Angeles
Travis Hunter, the 2
LeBron James, Stephen Curry and Kevin Durant to lead star-studded roster at Paris Olympics
Zendaya Addresses Fate of Euphoria Season 3
Appeals court leaves temporary hold on New Jersey’s county line primary ballot design in place