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:2025-04-14 04:28:40
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! (79)
Related
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Infant dies after being left in a car on a scorching day in South Dakota, police say
- Maui County sues Hawaiian Electric over wildfires, citing negligence
- Lionel Messi, Inter Miami face New York Red Bulls in MLS game: How to watch
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Tearful Miley Cyrus Gives a Nod to Disney in Music Video for New Song “Used to Be Young”
- When the family pet was dying, 'I just lost it.' What to do when it's time to say goodbye
- Man arrested after going door to door looking for Drew Barrymore's home, police say
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Tearful Miley Cyrus Gives a Nod to Disney in Music Video for New Song “Used to Be Young”
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Lahaina was expensive before the fire. Some worry rebuilding will price them out
- Keyshawn Johnson will join FS1's 'Undisputed' as Skip Bayless' new co-host, per reports
- Body pulled from ocean by Maine lobsterman confirmed to be Tylar Michaud, 18-year-old missing since last month
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Texas trial over Biden policy letting migrants from 4 countries into US to wrap up Friday
- List of NFL players suspended for violating gambling policies
- Oregon man accused of kidnapping and imprisoning a woman tried to break out of jail, officials say
Recommendation
Tom Holland's New Venture Revealed
Man dies after NYPD sergeant hurls cooler, knocks him off motorbike; officer suspended
Ukraine pilots to arrive in U.S. for F-16 fighter jet training next month
TLC's Whitney Way Thore Reveals the Hardest Part of Grieving Mom Babs' Death
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Olivia Rodrigo Says She Dated People She Shouldn't Have After the Release of Debut Album Sour
Is $4.3 million the new retirement number?
With drones and webcams, volunteer hunters join a new search for the mythical Loch Ness Monster