Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetLink
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-11 19:29:10
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! (9342)
Related
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- After massive fire closes Los Angeles interstate, motorists urged to take public transport
- US conducts airstrikes against Iran-backed groups in Syria, retaliating for attacks on US troops
- More than 800 Sudanese reportedly killed in attack on Darfur town, UN says
- Meta donates $1 million to Trump’s inauguration fund
- Texas A&M fires coach Jimbo Fisher, a move that will cost the school $75M
- Taylor Swift Runs and Kisses Travis Kelce After Buenos Aires Eras Tour Concert
- Deion Sanders apologizes after Colorado loses to Arizona: 'We just can't get over that hump'
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- A shooting at a Texas flea market killed a child and wounded 4 other people, police say
Ranking
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- 80 people freed from Australian migrant centers since High Court outlawed indefinite detention
- Joshua Dobbs achieved the unthinkable in his rushed Vikings debut. How about an encore?
- Olympic sports bodies want talks with IOC on threats from adding cricket and others to 2028 program
- IOC's decision to separate speed climbing from other disciplines paying off
- Worried about AI hijacking your voice for a deepfake? This tool could help
- Pain, fatigue, fuzzy thinking: How long COVID disrupts the brain
- Former NFL Player D.J. Hayden Dead at 33 After Car Crash
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Which restaurants are open Thanksgiving 2023? See Starbucks, McDonald's, Cracker Barrel hours
US Rhodes scholars selected through in-person interviews for the first time since COVID pandemic
After massive fire closes Los Angeles interstate, motorists urged to take public transport
Pressure on a veteran and senator shows what’s next for those who oppose Trump
'Wait Wait' for November 11, 2023: With Not My Job guest John Stamos
Part of Interstate 10 near downtown Los Angeles closed indefinitely until repairs made; motorists urged to take public transport
A Deep Dive Into Michael Phelps' Golden Family World