Current:Home > NewsToyota 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 23:36:05
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! (37631)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Shooting of Palestinian college students came amid spike in gun violence in Vermont
- Home of Tampa Bay Rays eyes name change, but team says it would threaten stadium deal
- Fentanyl-tainted gummy bears sicken 5 kids at Virginia school; couple charged in case.
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Justin Timberlake Says He Means “No Disrespect” Singing “Cry Me a River”
- AP Week in Pictures: Europe and Africa
- Taylor Lautner reflects on 'Twilight' rivalry with Robert Pattinson: 'It was tough'
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Selena Gomez Reveals She's Had Botox After Clapping Back at a Critic
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Wisconsin corn mill agrees to pay $1.8 million in penalties after fatal 2017 explosion
- Author James Patterson gives $500 holiday bonuses to hundreds of US bookstore workers
- 'Wonka' is a candy-coated prequel
- Travis Hunter, the 2
- Camila Alves McConaughey’s Holiday Gift Ideas Will Make You the Best Gift Giver in Your Family
- Weird, wild and wonderful stories of joy from 2023
- Supreme Court leaves Illinois assault weapons ban in place
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Taylor Lautner reflects on 'Twilight' rivalry with Robert Pattinson: 'It was tough'
A man who accosted former Rep. Lee Zeldin at an upstate NY campaign stop receives 3 years probation
Victims allege sex abuse in Maryland youth detention facilities under new law allowing them to sue
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Xcel Energy fined $14,000 after leaks of radioactive tritium from its Monticello plant in Minnesota
Basketball star Candace Parker, wife Anna Petrakova expecting second child together
Eddie Murphy reprises role as Axel Foley in 'Beverly Hills Cop 4.' Watch the Netflix trailer.