Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -EverVision Finance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 00:31:39
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! (3846)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Shannen Doherty Shares Her Cancer Has Spread to Her Brain
- Beyoncé Handles Minor Wardrobe Malfunction With Ease During Renaissance Show
- Bling Empire's Kelly Mi Li Honors Irreplaceable Treasure Anna Shay After Death
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Wife of Pittsburgh dentist dies from fatal gunshot on safari — was it an accident or murder?
- Vanderpump Rules: Raquel Leviss Wanted to Be in a Throuple With Tom Sandoval and Ariana Madix
- Fox News agrees to pay $12 million to settle lawsuits from former producer Abby Grossberg
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Lionel Messi Announces Move to Major League Soccer, Rejecting $400 Million Offer From Saudi Arabia
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Inside the RHONJ Reunion Fight Between Teresa Giudice, Melissa Gorga That Nearly Broke Andy Cohen
- Hunter Biden attorney accuses House GOP lawmakers of trying to derail plea agreement
- Ashley Tisdale Enters Her French Girl Era With New Curtain Bangs
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Extra! New strategies for survival by South Carolina newspapers
- Why Khloe Kardashian Doesn’t Feel “Complete Bond” With Son Tatum Thompson
- Jennie Ruby Jane Shares Insight Into Bond With The Idol Co-Star Lily-Rose Depp
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Lala Kent Addresses Vanderpump Rules Reunion Theories—Including Raquel Leviss Pregnancy Rumors
Mark Consuelos Reveals Warning Text He Received From Daughter Lola During Live With Kelly & Mark
Man recently released from Florida prison confesses to killing pregnant mother and her 6-year-old in 2002
A White House order claims to end 'censorship.' What does that mean?
An unprecedented week at the Supreme Court
Coal Giant Murray Energy Files for Bankruptcy Despite Trump’s Support
California library uses robots to help kids with autism learn and connect with the world around them