Current:Home > ScamsToyota 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:2025-04-25 21:54:22
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! (5474)
Related
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Virginia Senate votes to ban preferential treatment for public college legacy applicants
- The US military has carried out airstrikes in Somalia that killed 3 al-Qaida-linked militants
- Drone the size of a bread slice may allow Japan closer look inside damaged Fukushima nuclear plant
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Will Ferrell's best friend came out as trans. He decided to make a movie about it.
- These Gym Bags Are So Stylish, You’ll Hit the Gym Just to Flaunt Them
- 20 people stranded on Lake Erie ice floe back on land after rescue operation
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- RHOBH: Crystal Kung Minkoff Said What About Her Fellow Housewives?!
Ranking
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Caitlin Clark incident at Ohio State raises concerns about how to make storming court safe
- New York man convicted of murdering woman who wound up in his backcountry driveway after wrong turn
- Images of frozen alligators are causing quite a stir online. Are they dead or alive?
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- Charles Osgood, longtime CBS host on TV and radio, has died at 91
- How do you stop Christian McCaffrey and other burning questions for NFC championship
- Martin Luther King Jr.’s Son Dexter Scott King Dead at 62 After Cancer Battle
Recommendation
Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
Michigan player wins $4.37 million, becomes first Lotto 47 jackpot winner of 2024
Rhode Island Ethics Commission dismisses complaint against Gov. McKee filed by state GOP
Judge says Canada’s use of Emergencies Act to quell truckers’ protests over COVID was unreasonable
North Carolina justices rule for restaurants in COVID
Outgoing North Dakota Gov. Burgum sees more to do for the ‘underestimated’ state
The 2024 Oscar nominations were announced: Here's a look at who made the list
What is nitrogen hypoxia? Alabama execution to proceed with unprecedented, controversial method