Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Evolution Experts
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Surpassing View
Date:2025-04-07 04:52:34
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! (2)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- See Becky G, Prince Royce, Chiquis and More Stars at the 2023 Latin AMAs
- Taylor Swift Proves She Belongs in NYC During Night Out With Blake Lively and Ryan Reynolds
- Greta Thunberg's 'The Climate Book' urges world to keep climate justice out front
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- 3 tribes dealing with the toll of climate change get $75 million to relocate
- What to know about Brazil's election as Bolsonaro faces Lula, with major world impacts
- Federal climate forecasts could help prepare for extreme rain. But it's years away
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Here's what happened on Day 5 of the U.N.'s COP27 climate talks
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Interest In Electric Vehicles Is Growing, And So Is The Demand For Lithium
- The activist who threw soup on a van Gogh says it's the planet that's being destroyed
- Rachel McAdams Makes Rare Comment About Family Life With Her 2 Kids
- Meet first time Grammy nominee Charley Crockett
- 'Water batteries' could store solar and wind power for when it's needed
- Climate activists want Biden to fire the head of the World Bank. Here's why
- Bebe Rexha Addresses Upsetting Interest in Her Weight Gain
Recommendation
Intel's stock did something it hasn't done since 2022
How ancient seeds from the Fertile Crescent could help save us from climate change
Research shows oil field flaring emits nearly five times more methane than expected
Prince William and Kate Middleton Share Unseen Photo of Queen Elizabeth II With Family Before Death
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Jessie James Decker’s Sister Sydney Shares Picture Perfect Update After Airplane Incident
Find Out the Gift Ryan Seacrest Left Behind for New Live Co-Host Mark Consuelos
3 tribes dealing with the toll of climate change get $75 million to relocate