Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -TrueNorth Finance Path
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 20:34:38
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! (85)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Latest attempt to chip away at ‘Obamacare’ questions preventive health care
- EA Sports announces over 10,000 athletes have accepted NIL deal for its college football video game
- Iris Apfel, fashion icon known for her eye-catching style, dies at 102
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Three-man, one-woman crew ready for weather-delayed launch to space station
- The owners of a Christian boarding school in Missouri are jailed and charged with kidnapping crimes
- Police search for 3 suspects after house party shooting leaves 4 dead, 3 injured in California
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- The latest shake-up in Ohio’s topsy-turvy congressional primary eases minds within the GOP
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Ohio foundation begins process to distribute millions in opioid settlement money
- Supreme Court temporarily blocks Texas law that allows police to arrest migrants
- Get 62% off Fenty Beauty by Rihanna, 58% off Barefoot Dreams Blankets, 82% off Michael Kors Bags & More
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- A judge orders prison for a Michigan man who made threats against Jewish people
- Former Trump CFO Allen Weisselberg pleads guilty to perjury in ex-president’s civil fraud trial
- Evers signs Republican-authored bill to expand Wisconsin child care tax credit
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
New Hampshire man who triggered Amber Alert held without bail in death of his children’s mother
Deleted emails of late North Dakota attorney general recovered amid investigation of ex-lawmaker
Survivors say opportunities were missed that could have prevented Maine’s worst-ever mass shooting
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Search continues for autistic Tennessee teen who walked away from home a week ago
Authorities say man who killed 2 in small Minnesota town didn’t know his victims
Gun control advocates urge Utah governor to veto bill funding firearms training for teachers