Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -RiseUp Capital Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 09:12:47
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! (7)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Coach Outlet's AI-mazing Spring Campaign Features Lil Nas X, a Virtual Human and Unreal Deals
- Driver who rammed onto packed California sidewalk convicted of hit-and-run but not DUI
- Legendary choreographer Fatima Robinson on moving through changes in dance
- The Daily Money: Spending more on holiday travel?
- Seven of 9 Los Angeles firefighters injured in truck blast have been released from a hospital
- Iowa's Caitlin Clark is transformative, just like Michael Jordan once was
- Bella Hadid Gives Rare Look Into Romance with Cowboy Adam Banuelos
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Caitlin Clark does it! Iowa guard passes Kelsey Plum as NCAA women's basketball top scorer
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- When Harry Met Sally Almost Had a Completely Different Ending
- Watch Live: Fulton County prosecutors decline to call Fani Willis to return for questioning
- Tom Selleck refuses to see the end for 'Blue Bloods' in final Season 14: 'I'm not done'
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Morgan Wallen to open 'This Bar' in downtown Nashville: What to know
- New York State Restricts Investments in ExxonMobil, But Falls Short of Divestment
- A man is charged in a car accident that killed 2 Chicago women in St. Louis for a Drake concert
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Murders of women in Kenya lead to a public outcry for a law on femicide
North Carolina judges say environmental board can end suit while Cooper’s challenge continues
How an OnlyFans mom's ads got 9 kids got expelled from Florida private Christian school
Senate begins final push to expand Social Security benefits for millions of people
Massachusetts man is found guilty of murder in the deaths of a police officer and elderly widow
A Liberian woman with a mysterious past dwells in limbo in 'Drift'
White House objected to Justice Department over Biden special counsel report before release