Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Dynamic Money Growth
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 19:10:17
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! (45)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Why you should add sesame seeds to your diet
- In a landslide-stricken town in California, life is like camping with no power, gas
- Without Social Security reform Americans in retirement may lose big, report says
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Ugandan Olympic athlete Rebecca Cheptegei dies after being set on fire by ex-boyfriend
- Usher premieres Paris concert film at the Apollo with roses, 'Ushbucks' and sensuality
- Feeling the heat as Earth breaks yet another record for hottest summer
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Barney is back on Max: What's new with the lovable dinosaur in the reboot
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Will Taylor Swift show up for Chiefs’ season opener against the Ravens on Thursday night?
- Fight Common Signs of Aging With These Dermatologist-Approved Skincare Products
- No charges for Nebraska officer who killed a man while serving a no-knock warrant
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Video game performers reach agreement with 80 video games on AI terms
- Magic Johnson buys a stake in the NWSL’s Washington Spirit
- Report calls for Medicaid changes to address maternal health in Arkansas
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Magic Johnson buys a stake in the NWSL’s Washington Spirit
Marc Staal, Alex Goligoski announce retirements after 17 NHL seasons apiece
An inspiration to inmates, country singer Jelly Roll performs at Oregon prison
Nevada attorney general revives 2020 fake electors case
NCAA champions UConn and South Carolina headed to White House to celebrate national titles
NBA legend Charles Barkley promises $1M donation to New Orleans school
Human remains believed to be hundreds of years old found on shores of Minnesota lake