Current:Home > MyToyota 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:2025-04-14 18:07:15
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! (227)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- S&P and Nasdaq close at multiweek lows as Tesla, Alphabet weigh heavily
- Destiny's Child dropped classic album 'The Writing's on the Wall' 25 years ago: A look back
- Southwest breaks with tradition and will assign seats; profit falls at Southwest and American
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Wildfires prompt California evacuations as crews battle Oregon and Idaho fires stoked by lightning
- Netanyahu meets with Biden and Harris to narrow gaps on a Gaza war cease-fire deal
- Smuggled drugs killed 2 inmates at troubled South Carolina jail, sheriff says
- Senate begins final push to expand Social Security benefits for millions of people
- Fajitas at someone else's birthday? Why some joke 'it's the most disrespectful thing'
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Indiana man competent for trial in police officer’s killing
- Single-engine plane carrying 2 people crashes in Bar Harbor, Maine
- Workers link US, Canadian sides of new Gordie Howe International Bridge over Detroit River
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Alabama taps state and federal agencies to address crime in Montgomery
- Zoinks! We're Revealing 22 Secrets About Scooby-Doo
- Wildfires prompt California evacuations as crews battle Oregon and Idaho fires stoked by lightning
Recommendation
The Best Stocking Stuffers Under $25
Gaza war protesters hold a ‘die-in’ near the White House as Netanyahu meets with Biden, Harris
Wildfires prompt California evacuations as crews battle Oregon and Idaho fires stoked by lightning
Taylor Swift's best friend since childhood Abigail is 'having his baby'
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Small stocks are about to take over? Wall Street has heard that before.
Missouri Supreme Court halts release of man from prison after overturned conviction
Brittany Aldean opens up about Maren Morris feud following transgender youth comments