Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetScope
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 05:47:48
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! (8)
Related
- The Daily Money: Spending more on holiday travel?
- Tropical Storm Jose forms in the Atlantic Ocean
- 2nd man charged in July shooting at massive Indiana block party that killed 1, injured 17
- High-tech system enhances school safety by cutting response times to shootings, emergencies
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Endangered sea turtle rehabilitated after rescue in Northern Wales, will return to the wild
- Two and a Half Men's Angus T. Jones Spotted on Rare Outing—With His Flip Phone
- Opening statements begin in website founder’s 2nd trial over ads promoting prostitution
- Olympic men's basketball bracket: Results of the 5x5 tournament
- Kia recalls nearly 320,000 cars because the trunk may not open from the inside
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Alabama governor announces plan to widen Interstate 65 in Shelby County, other projects
- 6-month-old pup finds home with a Connecticut fire department after being rescued from hot car
- Back-to-school sickness: Pediatrician shares 3 tips to help keep kids healthy this season
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Florence Pugh says 'people are scared' of her 'cute nipples' after sheer dress backlash
- Tori Spelling Pens Tribute to Her and Dean McDermott’s “Miracle Baby” Finn on His 11th Birthday
- Can Ozempic, Wegovy reduce alcohol, nicotine and other cravings? Doctor weighs in on what to know.
Recommendation
Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
Customers pan new Walmart shopping cart on social media after limited rollout
Food ads are in the crosshairs as Burger King, others face lawsuits for false advertising
Retiring John Isner helped change tennis, even if he never got the recognition he deserves
Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
Capitol physician says McConnell medically clear to continue with schedule after second freezing episode
Hurricane Idalia's financial toll could reach $20 billion
North Carolina State's Rakeim Ashford stretchered off field during game vs. UConn