Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProsperityStream Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 22:17:06
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! (84535)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Like other red states, Louisiana governor announces policy aiming to prevent noncitizens from voting
- Like other red states, Louisiana governor announces policy aiming to prevent noncitizens from voting
- Man dies on river trip at Grand Canyon; 5th fatality in less than a month
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- 10-year-old boy dies in crash after man stole Jeep parked at Kenny Chesney concert: Police
- Pennsylvania county broke law by refusing to tell voters if it rejected their ballot, judge says
- Quentin Tarantino argues Alec Baldwin is partly responsible for 'Rust' shooting
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- BMW, Tesla among 743,000 vehicles recalled: Check car recalls here
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- 2 small planes crash in Nebraska less than half an hour apart and kill at least 1 person
- Feds say Army soldier used AI to create child sex abuse images
- Pennsylvania county broke law by refusing to tell voters if it rejected their ballot, judge says
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 'Yellowstone' First Look Week: Kayce and Monica Dutton survive into Season 5 second half
- Maine workers make progress in cleanup of spilled firefighting foam at former Navy base
- 'Gossip Girl' actor Ed Westwick marries 'Supergirl' star Amy Jackson in Italy
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Body of Utah man who fell from houseboat recovered from Lake Powell
Trailer for Christopher Reeve 'Super/Man' documentary offers glimpse into late actor's life
Is it OK to lie to your friends to make them arrive on time? Why one TikTok went wild
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Judge says 4 independent and third-party candidates should be kept off Georgia presidential ballots
Newest internet villain? Man files trademark for Jools Lebron's 'very mindful, very demure'
Body of Utah man who fell from houseboat recovered from Lake Powell