Current:Home > InvestToyota 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:2025-04-14 04:16:32
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! (487)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Voting rights advocates ask federal judge to toss Ohio voting restrictions they say violate ADA
- You'll Be Stuck On New Parents Sofia Richie and Elliot Grainge's Love Story
- Legendary U.S. World War II submarine located 3,000 feet underwater off the Philippines
- Current, future North Carolina governor’s challenge of power
- Kentucky awards contract to replace unemployment insurance system that struggled during the pandemic
- The 42 Best Memorial Day Home Deals: Pottery Barn, Wayfair, West Elm, Target, Walmart, Saatva & More
- The Shiba Inu that became meme famous as the face of dogecoin has died. Kabosu was 18
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Johnson & Johnson sued by cancer victims alleging 'fraudulent' transfers, bankruptcies
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- More books are being adapted into graphic novels. Here's why that’s a good thing.
- NCAA women's lacrosse semifinals preview: Northwestern goes for another title
- A survivor's guide to Taylor Swift floor tickets: Lessons from an Eras Tour veteran
- What do we know about the mysterious drones reported flying over New Jersey?
- Uvalde mom pushes through 'nightmare' so others won't know loss of a child in 'Print It Black'
- Manatee County sheriff’s deputy injured in shooting
- Carolina Hurricanes GM Don Waddell steps down; would Columbus Blue Jackets be interested?
Recommendation
The Super Bowl could end in a 'three
The Shiba Inu that became meme famous as the face of dogecoin has died. Kabosu was 18
Drake jumps on Metro Boomin's 'BBL Drizzy' diss
NYC college suspends officer who told pro-Palestinian protester ‘I support killing all you guys’
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Super Size Me Director Morgan Spurlock Dead at 53 After Private Cancer Battle
Judge rejects Alec Baldwin’s request to dismiss criminal charge in ‘Rust’ fatal shooting
6 killed in Idaho crash were agricultural workers from Mexico, officials say