Current:Home > MyToyota 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:2025-04-13 09:00:45
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! (91)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- CFPB sues auto dealer for illegally locking cars, re-possessing vehicles, other shady activities
- Fitch downgraded U.S. debt, and the stock market slid. Here's what it means.
- Yankees' Domingo Germán entering treatment for alcohol abuse, placed on restricted list
- Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
- Father dies after rescuing his three children from New Jersey waterway
- U.S. Women’s World Cup tie with Portugal draws overnight audience of 1.35 million on Fox
- 23 recent NFL first-round picks who may be on thin ice heading into 2023 season
- Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
- Grand Canyon West in northern Arizona reopens attractions a day after fatal tour bus rollover
Ranking
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- New heat wave in the South and West has 13 states under alerts
- Niger’s civil society mobilizes the nation to fight for freedom from foreign interference
- Hex crypto founder used investor funds to buy $4.3 million black diamond, SEC says
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Doritos recall: Frito-Lay recalls Nacho Cheese chips sold in Pennsylvania for allergy concerns
- In 'Family Lore,' Elizabeth Acevedo explores 'what makes a good death' through magic, sisterhood
- 'An existential crisis': Florida State president, Board of Trustees low on ACC future
Recommendation
The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
Gigi Hadid shares rare pictures of daughter Khai on summer outings: 'Best of summer'
Assault trial for actor Jonathan Majors postponed until September
The incandescent lightbulb ban is now in effect. Here's what you need to know.
Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
Stock market today: Asia mixed after the US government’s credit rating was cut
Judge restricts WNBA’s Riquna Williams to Vegas area following felony domestic violence arrest
2 Alabama inmates killed while working on road crew for state