Current:Home > MarketsToyota 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:2025-04-11 19:45:12
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! (37)
Related
- Rylee Arnold Shares a Long
- 23 people injured after vehicle crashes into Denny's restaurant
- No. 8 Florida State dominant in second half, routs No. 5 LSU
- Iga Swiatek’s US Open title defense ends with loss to Jelena Ostapenko in fourth round
- Connie Chiume, South African 'Black Panther' actress, dies at 72
- Top 5 storylines to watch in US Open's second week: Alcaraz-Djokovic final still on track
- Joey King Marries Steven Piet in Spain Wedding
- Francis opens clinic on 1st papal visit to Mongolia. He says it’s about charity not conversion
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- 5 people have pleaded not guilty to Alabama riverfront brawl charges
Ranking
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- At least 1 dead as storms sweep through Las Vegas
- Suspected burglar who allegedly stabbed an Indianapolis police dog is shot by officers
- A week after scary crash at Daytona, Ryan Preece returns to Darlington for Southern 500
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Vermont governor appoints an interim county prosecutor after harassment claims led to investigation
- ‘Like a Russian roulette’: US military firefighters grapple with unknowns of PFAS exposure
- What’s at stake when Turkey’s leader meets Putin in a bid to reestablish the Black Sea grain deal
Recommendation
USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
Aerosmith is in top form at Peace Out tour kickoff, showcasing hits and brotherhood
COVID hospitalizations on the rise as U.S. enters Labor Day weekend
Upward of 20,000 Ukrainian amputees face trauma on a scale unseen since WWI
USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
Russia moon probe crash likely left 33-foot-wide crater on the lunar surface, NASA images show
Steve Harwell, the former lead singer of Smash Mouth, has died at 56
‘Equalizer 3’ cleans up, while ‘Barbie’ and ‘Oppenheimer’ score new records