Current:Home > MarketsToyota 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
View
Date:2025-04-12 04:59:07
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! (732)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Officials identify two workers — one killed, one still missing — after Kentucky coal plant collapse
- Priscilla Presley recalls final moments with daughter Lisa Marie: 'She looked very frail'
- Q&A: The League of Conservation Voters’ Take on House Speaker Mike Johnson’s Voting Record: ‘Appalling’
- Trump invites nearly all federal workers to quit now, get paid through September
- Toxic Pesticides Are Sprayed Next to Thousands of US Schools
- Will Taylor Swift be at the Chiefs’ game in Germany? Travis Kelce wouldn’t say
- 2 teens plead not guilty in fatal shooting of Montana college football player
- A South Texas lawmaker’s 15
- 2 killed as flooding hits Kenya, sweeping away homes and destroying roads, officials say
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- 2 killed as flooding hits Kenya, sweeping away homes and destroying roads, officials say
- 'White Lotus' star Haley Lu Richardson is 'proud' of surviving breakup: 'Life has gone on'
- NASA telescope reveals 7 new planets orbiting distant star hotter than the sun
- A South Texas lawmaker’s 15
- NASCAR Cup Series Championship Race promises wide-open battle among rising stars
- Priscilla Presley recalls final moments with daughter Lisa Marie: 'She looked very frail'
- The Trump-DeSantis rivalry grows more personal and crude as the GOP candidates head to Florida
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
2 teens plead not guilty in fatal shooting of Montana college football player
Steven Tyler accused of 'mauling and groping' teen model in new sexual assault lawsuit
German club Mainz terminates Anwar El Ghazi’s contract over social media posts on Israel-Hamas war
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Dodgers pitcher Clayton Kershaw has left shoulder surgery, aims for return next summer
Head of China’s state-backed Catholic church to visit Hong Kong amid strained Sino-Vatican relations
Toddler critically injured in accidental shooting after suspect discards gun on daycare playground