Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -BeyondWealth Learning
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 18:10:57
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! (74)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Amazon Prime Video lawsuit seeks class action status over streamer's 'ad-free' rate change
- Gabby Petito's parents reach deal with parents of Brian Laundrie in civil lawsuit
- If you love courtroom dramas, this Oscar-nominated film is not to be missed
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Georgia Republicans seek to stop automatic voter registration in state
- World's first hybrid wind and fuel powered chemical tanker sets sail from Rotterdam
- Justin Fields trade possibilities: Which teams make most sense as landing spots for Bears QB?
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- SpaceX launches powerful Indonesian communications satellite in 16th flight this year
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Slayings of tourists and Colombian women expose the dark side of Medellin’s tourism boom
- Motocross Star Jayden “Jayo” Archer Dead at 27
- How to Watch the 2024 SAG Awards and E!'s Live From E! Red Carpet
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- House is heading toward nuclear war over Ukraine funding, one top House GOP leader says
- Federal judge says MyPillow's Mike Lindell must pay $5M in election data dispute
- A huge satellite hurtled to Earth and no one knew where it would land. How is that possible?
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Trial to determine if Texas school’s punishment of a Black student over his hair violates new law
Federal lawsuit alleges harrowing conditions, abuse in New Jersey psychiatric hospitals
Bears QB Justin Fields explains why he unfollowed team on Instagram
Travis Hunter, the 2
Amid fentanyl crisis, Oregon lawmakers propose more funding for opioid addiction medication in jails
Georgia has the nation’s only Medicaid work requirement. Mississippi could be next
Brothers resentenced to 60 years to life in 1995 slayings of parents, younger brother