Current:Home > NewsToyota 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:2025-04-15 12:38:16
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! (2)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Trump TV: Internet broadcaster beams the ex-president’s message directly to his MAGA faithful
- What The Hills' Heidi Montag and Spencer Pratt Think of Kristin Cavallari and Mark Estes' Romance
- Real Housewives of Beverly Hills Star Kyle Richards Has Been Using This Lip Gloss for 15 Years
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- He fell ill on a cruise. Before he boarded the rescue boat, they handed him the bill.
- Defense Secretary Lloyd Austin undergoes successful non-surgical procedure, Pentagon says
- Cracker Barrel CEO says brand isn't relevant and needs a new plan. Here are 3 changes coming soon.
- Stamford Road collision sends motorcyclist flying; driver arrested
- Your Memorial Day beach plans may be less than fin-tastic: Watch for sharks, rip currents
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Cracker Barrel CEO says brand isn't relevant and needs a new plan. Here are 3 changes coming soon.
- How Arnold Schwarzenegger helped make the Ford Mustang Motor Trend's 1994 Car of the Year
- MLB's five biggest surprises: Are these teams contenders or pretenders in 2024?
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Roughly halfway through primary season, runoffs in Texas are testing 2 prominent Republicans
- 3 falcon chicks hatch atop the Verrazzano-Narrows Bridge in New York City
- List of winners at the 77th Cannes Film Festival
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Man convicted of murder in death of Washington state police officer shot by deputy
Rare blue-eyed cicada spotted during 2024 emergence at suburban Chicago arboretum
What we know about the young missionaries and religious leader killed in Haiti
What do we know about the mysterious drones reported flying over New Jersey?
Drowning is a top cause of death for young children. Here's what parents should know.
Roll over Beatles. Lauryn Hill tops Apple Music's new list of top 100 albums of all time.
Dolphin stuck in NJ creek dies after ‘last resort’ rescue attempt, officials say