Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Keystone Capital Education
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 07:10:46
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! (69991)
Related
- Trump wants to turn the clock on daylight saving time
- Raffensperger blasts proposed rule requiring hand count of ballots at Georgia polling places
- Budget-Friendly Dorm Room Decor: Stylish Ideas Starting at $11
- Don't be fooled by the name and packaging: Fruit snacks are rarely good for you. Here's why.
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Proposal to allow local police to make arrests near Arizona border with Mexico will appear on ballot
- 'Rust' movie director Joel Souza breaks silence on Alec Baldwin shooting: 'It’s bizarre'
- Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Violent crime is rapidly declining. See which cities are seeing drops in homicides.
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Hurricane Ernesto to strengthen; Bermuda braces for 'the power of nature'
- Rob Schneider seeks forgiveness from daughter Elle King after 'fat camp' claims
- A fiery Texas politician launched a legal assault on Google and Meta. And he's winning.
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- NFL's new 'dynamic' kickoff rules are already throwing teams for a loop
- Naomi Osaka receives US Open wild card as she struggles to regain form after giving birth
- Aaron Hernandez’s Rise and Tragic Fall Explored in Chilling American Sports Story Trailer
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Family of woman killed by falling utility pole to receive $30M settlement
Anchorage police shoot, kill teenage girl who had knife; 6th police shooting in 3 months
Detroit judge sidelined for making sleepy teen wear jail clothes on court field trip
The Super Bowl could end in a 'three
Remembering Wally Amos: Famous Amos cookies founder dies at 88
Australian Olympic Committee hits out at criticism of controversial breaker Rachael Gunn
Charlie Sheen’s Daughter Sami Sheen Undergoes Plastic Surgery for Droopy Nose