Current:Home > FinanceToyota 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:2025-04-14 06:29:46
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! (24)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Alabama inmate asking federal appeals court to block first-ever execution by nitrogen gas
- Kids can benefit from having access to nature. This photographer is bringing trees into classrooms – on the ceiling.
- After domestic abuse ends, the effects of brain injuries can persist
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Wayfair cuts 13% of employees after CEO says it went overboard in hiring
- Rifts emerge among top Israeli officials over how to handle the war against Hamas in Gaza
- Dior puts on a daytime fashion ballet under the Parisian stars
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- US Navy fighter jets strike Houthi missile launchers in Yemen, officials say
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Patrick Mahomes’ Dad Pat Gushes Over “Down to Earth” Taylor Swift
- 2024 Grammy Awards performers will include Billie Eilish, Dua Lipa and Olivia Rodrigo
- Alec Baldwin is indicted in fatal shooting of cinematographer after new gun analysis
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Zayn Malik's First Public Event in 6 Years Proves He’s Still Got That One Thing
- Small plane that crashed off California coast was among a growing number of home-built aircraft
- This mother-in-law’s outrageous request went viral. Why 'grandmas' are rejecting that title.
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Pakistan attacks terrorist hideouts in Iran as neighbors trade fire
'Sports Illustrated' lays off most of its staff
'Are We Dating the Same Guy?' What to know about controversial Facebook groups at center of lawsuit
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
2 broods of screaming cicadas will emerge this year for first time in 221 years
Want to read Colleen Hoover’s books? Here’s where to start.
Wayfair cuts 13% of employees after CEO says it went overboard in hiring