Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -PureWealth Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 10:26:14
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! (98)
Related
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Pennsylvania State Police identify 3 victims shot at Trump rally
- England vs Spain highlights: Mikel Oyarzabal goal wins thrilling Euro 2024 final
- James B. Sikking, 'Hill Street Blues' and 'Doogie Howser, M.D.' actor, dies at 90
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Get 60% Off SKIMS, 50% Off Old Navy, 50% Off Le Creuset, 25% Off Disney, 75% off Gap & More Deals
- How husband and wife-duo JOHNNYSWIM balance family, music
- Who is JD Vance? Things to know about Donald Trump’s pick for vice president
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- Rep. Jason Crow says unless there is a major change, there's a high risk that Democrats lose the election
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Armie Hammer Details Why He Sold Timeshares in the Cayman Islands Amid Sexual Assault Allegations
- Trump rally shooting victims: What we know about former fire chief Corey Comperatore, two others injured
- Cape Cod’s fishhook topography makes it a global hotspot for mass strandings by dolphins
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Aegon survived! 'House of the Dragon' star on Episode 5 dragon fallout
- 'Good Morning Football' set to relaunch in July after NFL Network reboots show
- French sports minister takes a dip in the Seine weeks before the 2024 Paris Olympics begin
Recommendation
JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
Barbora Krejcikova beat Jasmine Paolini in thrilling women's Wimbledon final for second Grand Slam trophy
As a Nevada Community Fights a Lithium Mine, a Rare Fish and Its Haven Could Be an Ace in the Hole
Rare switch-pitcher Jurrangelo Cijntje 'down to do everything' for Mariners after MLB draft
US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
What to watch as the Republican National Convention kicks off days after Trump assassination attempt
As a Nevada Community Fights a Lithium Mine, a Rare Fish and Its Haven Could Be an Ace in the Hole
The Reformation x Laura Harrier Collab Will Give You Instant It Girl Status