Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -NextFrontier Finance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 08:32:42
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! (3474)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Why the NBA trade deadline is so crucial for these six teams
- Delays. Processing errors. FAFSA can be a nightmare. The Dept. of Education is stepping in
- One state has a shortage of marijuana. Its neighbor had too much. What to do?
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Maui police release 98-page report on Lahaina wildfire response: Officers encountered 'significant challenges'
- Brother of dead suspect in fires at Boston-area Jewish institutions is ordered held
- Lionel Messi speaks in Tokyo: Inter Miami star explains injury, failed Hong Kong match
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Prince William likely to step up amid King Charles III's cancer diagnosis, experts say
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Unbeatable Beauty Deals Up to 82% Off: Urban Decay, NuFACE, Laura Mercier & More
- Nikki Haley asks for Secret Service protection
- Heidi Klum Reveals One Benefit of 16-Year Age Gap With Husband Tom Kaulitz
- Rylee Arnold Shares a Long
- Can Nicole Kidman's 'Expats' live up to its pedigree?
- New Mexico Republicans vie to challenge incumbent senator and reclaim House swing district
- Fake robocalls. Doctored videos. Why Facebook is being urged to fix its election problem.
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Sheryl Swoopes' incorrect digs at Caitlin Clark an example of old-fashioned player hatin'
COVID variant JN.1 now more than 90% of cases in U.S., CDC estimates
White House renews calls on Congress to extend internet subsidy program
Meet first time Grammy nominee Charley Crockett
Shortstop Bobby Witt Jr. agrees to massive $288.8M contract extension with Royals
Ohio attorney general opposes speeding up timeline for lawsuit over proposed voting rights amendment
Why Felicity Huffman Feels Like Her “Old Life Died” After College Admissions Scandal