Current:Home > FinanceToyota 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 23:47:49
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! (61)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Top election official in Nevada county that is key to the presidential race takes stress leave
- Ed Pittman dies at 89 after serving in all three branches of Mississippi government
- King Charles III mourns Maggie Smith after legendary British actress dies at 89
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- Ellen DeGeneres Shares Osteoporosis, OCD and ADHD Diagnoses
- Chicago White Sox lose record-breaking 121st game, 4-1 to playoff-bound Detroit Tigers
- Meghan Trainor talks touring with kids, her love of T-Pain and learning self-acceptance
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- Celebrity dog Swaggy Wolfdog offers reward for safe return of missing $100,000 chain
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Recent major hurricanes have left hundreds dead and caused billions in damages
- Officials warn that EVs could catch fire if inundated with saltwater from Hurricane Helene
- How to watch 'The Walking Dead: Daryl Dixon - The Book of Carol': Premiere, cast, streaming
- USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
- How Lady Gaga Really Feels About Her Accidental Engagement Reveal at the Olympics
- Fossil Fuel Presence at Climate Week NYC Spotlights Dissonance in Clean Energy Transition
- Walz has experience on a debate stage pinning down an abortion opponent’s shifting positions
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
A's leave Oakland a winner. They also leave plenty of tears and 57 years of memories.
Sean 'Diddy' Combs impregnated victim, Yung Miami encouraged abortion, lawsuit alleges
Chappell Roan Cancels Festival Appearances to Prioritize Her Health
Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
Shohei Ohtani 50-50 home run ball: Auction starts with lawsuit looming
Recent major hurricanes have left hundreds dead and caused billions in damages
Proof Kourtney Kardashian and Travis Barker's Son Rocky Is Embracing Spooky Season Before Halloween