Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -GrowthSphere Strategies
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-27 02:03:36
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! (7539)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- CMAs awards Lainey Wilson top honors, Jelly Roll sees success, plus 3 other unforgettable moments
- Israeli military tour of northern Gaza reveals ravaged buildings, toppled trees, former weapons lab
- Kaiser Permanente workers ratify contract after strike over wages and staffing levels
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Science Says Teens Need More Sleep. So Why Is It So Hard to Start School Later?
- Putin visits Kazakhstan, part of his efforts to cement ties with ex-Soviet neighbors
- Vinny Slick and Fifi among 16 accused mafia associates arrested in U.S.-Italy takedown
- DoorDash steps up driver ID checks after traffic safety complaints
- Iceland’s Blue Lagoon spa closes temporarily as earthquakes put area on alert for volcanic eruption
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Farmers get billions in government aid. Some of that money could fight climate change too.
- Michigan responds to Big Ten notice amid football sign-stealing scandal, per report
- Hockey Player Adam Johnson Honored at Memorial After His Tragic Death
- Could your smelly farts help science?
- 'Profound betrayal': Los Angeles investigator charged after stealing from dead bodies, DA says
- Father of Liverpool striker Luis Díaz released after his kidnapping in Colombia by ELN guerrillas
- Wisconsin Assembly slated to pass $2 billion tax cut headed for a veto by Gov. Tony Evers
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Commission weighs whether to discipline Illinois judge who reversed rape conviction
Jury rejects insanity defense for man convicted of wedding shooting
An industrial robot crushed a worker to death at a vegetable packing plant in South Korea
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Giannis Antetokounmpo couldn't believe he was ejected from Bucks' win over Pistons
Wynonna Judd Reacts to Concern From Fans After 2023 CMAs Performance
Nigeria’s president signs controversial bill for a presidential yacht and SUVs for lawmakers