Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeWise
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 01:57:27
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! (9838)
Related
- Why members of two of EPA's influential science advisory committees were let go
- Good gourd! Minnesota teacher sets world record for heaviest pumpkin: See the behemoth
- Environmental groups ask EPA to intervene in an Alabama water system they say is plagued by leaks
- Guns N' Roses forced to relocate Phoenix concert after stadium team make baseball playoffs
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- House Republicans still unclear on how quickly they can elect new speaker
- NATO equips peacekeeping force in Kosovo with heavier armament to have “combat power”
- Olympic Gymnast Mary Lou Retton “Fighting For Her Life” With Rare Illness
- Buckingham Palace staff under investigation for 'bar brawl'
- Resale value of Travis Scott concert tickets has plummeted due to low demand
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Horoscopes Today, October 9, 2023
- Unprecedented Israeli bombardment lays waste to upscale Rimal, the beating heart of Gaza City
- The 2024 Nissan Z Nismo may disappoint some monster car fans. Our review.
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Washington AD Troy Dannen takes swipe at Ohio State, Texas: 'They haven't won much lately'
- Robert Irwin's Girlfriend Rorie Buckey Receives Ultimate Stamp of Approval From Bindi Irwin
- Oil prices are rising amid the Israel-Hamas war. Here's what it means for U.S. drivers.
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Former Cincinnati councilman sentenced to 16 months in federal corruption case
NCAA President Charlie Baker to testify during Senate hearing on college sports next week
Kayla Nicole Shares Powerful Message Addressing Backlash Amid Ex Travis Kelce's Rumored Romance
Former Syrian official arrested in California who oversaw prison charged with torture
Myanmar military accused of bombing a displacement camp in a northern state, killing about 30
4 Britons who were detained in Afghanistan are released by the Taliban
Hughes Van Ellis, youngest known survivor of Tulsa Race Massacre, dies at 102