Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -FinTechWorld
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 19:13:46
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! (32)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Cyberbullying in youth sports: How former cheerleader overcame abuse in social media age
- Earth sees warmest July 'by a long shot' in 174 years. What it means for the rest of 2023.
- After Maui fires, human health risks linger in the air, water and even surviving buildings
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Southern Charm: Everything to Know (So Far) About Season 9
- 21 Amazon Outfits Under $45 for Anyone Who Loathes the Summer Heat
- Vanderpump Rules Star Scheana Shay’s Under $40 Fashion Finds Are “Good as Gold”
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Barbie bonanza: 'Barbie' tops box office for fourth week straight with $33.7 M
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- A tiny house gives them hope: How a homeless family in Brazil got a fresh start
- 90 Day Fiancé's Big Ed and Liz Reveal the Drastic Changes That Saved Their Relationship
- Summer heat takes a toll on your car battery: How to extend its lifespan
- Travis Hunter, the 2
- Survival of Wild Rice Threatened by Climate Change, Increased Rainfall in Northern Minnesota
- 'I wish we could play one more time': Michigan camp for grieving kids brings sobs, healing
- Man sentenced for abandoning baby after MLB pitcher Dennis Eckersley’s daughter gave birth in woods
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Gwen Stefani's Son Kingston Rossdale Makes Live Music Debut at Blake Shelton's Bar
Hilary Duff's Relatable Wellness Approach Is What Dreams Are Made Of
North Korea’s Kim orders sharp increase in missile production, days before US-South Korea drills
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
16 people injured after boat explodes at Lake of the Ozarks in Missouri
Man wanted in his father’s death in Ohio is arrested by Maryland police following a chase
Coast Guard searches for 4 missing divers off the Carolinas