Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeGrid
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 12:04:21
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! (91)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- The Most-Shopped Celeb Recommendations This Month: Kyle Richards, Porsha Williams, Gabby Douglas & More
- Ben Affleck is 'not dating' RFK Jr.'s daughter Kick Kennedy, rep says
- Julianne Hough Says Ex Brooks Laich Making Her Feel Like a “Little Girl” Contributed to Their Divorce
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Travis Kelce Reacts to Adam Sandler’s Comments on Taylor Swift Romance
- Reports: Veteran pitcher Rich Hill to rejoin Red Sox at age 44
- Channing Tatum Accuses Ex Jenna Dewan of Delay Tactic in Divorce Proceedings
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- All eyes are on Nvidia as it prepares to report its earnings. Here’s what to expect
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The Most-Shopped Celeb Recommendations This Month: Kyle Richards, Porsha Williams, Gabby Douglas & More
- Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
- Death toll is now 8 in listeria outbreak tied to Boar’s Head deli meat, CDC says
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- The Latest: Trump faces new indictment as Harris seeks to defy history for VPs
- Questions about the safety of Tesla’s ‘Full Self-Driving’ system are growing
- California Climate and Health Groups Urge Legislators to Pass Polluter Pays Bills
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Full of battle scars, Cam McCormick proudly heads into 9th college football season
DJT sinks to new low: Why Trump Media investors are feeling less bullish
Court revives Sarah Palin’s libel lawsuit against The New York Times
Where will Elmo go? HBO moves away from 'Sesame Street'
The new 2025 Lincoln Navigator is here and it's spectacular
Circle K offering 40 cents off gas ahead of Labor Day weekend in some states
Michael Crichton estate sues Warner Bros., claims new show 'The Pitt' is an 'ER' ripoff