Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthTrail Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 22:47:57
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! (3797)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Celery is one of our most underappreciated vegetables. Here's why it shouldn't be.
- Frustrated Americans await the economic changes they voted for with Trump
- Vanderbilt QB Diego Pavia files lawsuit vs. NCAA in hopes of gaining extra eligibility
- Small twin
- Boys who survived mass shooting, father believed dead in California boating accident
- Pretty Little Liars' Brant Daugherty Reveals Which NSFW Movie He Hopes His Kids Don't See
- Bobby Allison, NASCAR Hall of Famer and 3-time Daytona 500 winner, dies at 86
- North Carolina justices rule for restaurants in COVID
- Entergy Mississippi breaks ground on new power station
Ranking
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Democrat April McClain Delaney wins a US House seat in a competitive Maryland race
- Who is racing for 2024 NASCAR Cup Series championship? Final four drivers, odds, stats
- Inside Wicked Costars Ariana Grande and Ethan Slater’s Magical Romance
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Nicole Scherzinger Apologizes for Hurt Caused by Controversial Instagram Comment
- Americans are feeling effects of friendflation, or when friendships are too costly to keep
- Board approves Arkansas site for planned 3,000-inmate prison despite objections
Recommendation
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
How many points did Cooper Flagg score tonight? Freshman gets double-double despite cramps
Watch as Rockefeller Christmas tree begins journey to NYC: Here's where it's coming from
Haul out the holly! Rockefeller Center Christmas Tree arrives in New York City
British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
Kohl’s unveils Black Friday plans: Here’s when customers can expect deals
Ranked voting tabulation in pivotal Maine congressional race to begin Tuesday
Nicole Scherzinger Apologizes for Hurt Caused by Controversial Instagram Comment