Current:Home > reviewsToyota 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:2025-04-17 20:22:23
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! (857)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Body of missing Myrtle Beach woman found under firepit; South Carolina man charged: Police
- Murder on Music Row: Could Kevin Hughes death be mistaken identity over a spurned lover?
- Aaron Judge home run pace: Tracking all of Yankees slugger's 2024 homers
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- 3 missing in Connecticut town after boating accident
- Heat wave to bake Southwest; temperatures could soar as high as 120 degrees
- Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Alabama sets mid-October execution date for man who killed 5 in ax and gun attack
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Alabama sets mid-October execution date for man who killed 5 in ax and gun attack
- 'One Tree Hill' reboot in development at Netflix with Sophia Bush, Hilarie Burton set to return
- Aaron Judge home run pace: Tracking all of Yankees slugger's 2024 homers
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Team USA's Rebecca Hart, Fiona Howard win gold in Paralympics equestrian
- Howard University’s capstone moment: Kamala Harris at top of the ticket
- Murder on Music Row: An off-key singer with $10K to burn helped solve a Nashville murder
Recommendation
Meta releases AI model to enhance Metaverse experience
What is the birthstone for September? Get to know the fall month's stunning gem
People are getting Botox in their necks to unlock a new bodily function: burping
FBI arrests former aide to New York Gov. Kathy Hochul
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Ezra Frech gets his gold in 100m, sees momentum of Paralympics ramping up
The Fed welcomes a ‘soft landing’ even if many Americans don’t feel like cheering
Missouri officer dies after crashing into a tree during high speed chase