Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -CapitalWay
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 00:26:35
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! (795)
Related
- Could your smelly farts help science?
- Illinois lawmakers scrutinize private school scholarships without test-result data
- New Mexico St lawsuit alleges guns were often present in locker room
- 11 Comfy (and Cute) Thanksgiving Outfit Ideas for Every Type of Celebration
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Australia’s Albanese calls for free and unimpeded trade with China on his visit to Beijing
- Iowa to pay $10 million to siblings of adopted teen girl who died of starvation in 2017
- Trump clashes with judge, defends business record in testimony at New York fraud trial
- Intel's stock did something it hasn't done since 2022
- Suspect killed and officer shot in arm during Chicago shootout, police say
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Starbucks increases U.S. hourly wages and adds other benefits for non-union workers
- Ohio is the lone state deciding an abortion-rights question Tuesday, providing hints for 2024 races
- Australian central bank lifts benchmark cash rate to 4.35% with 13th hike
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- As coal miners suffer and die from severe black lung, a proposed fix may fall short
- Mexico’s Zapatista rebel movement says it is dissolving its ‘autonomous municipalities’
- Tatcha Flash Sale: Score $150 Worth of Bestselling Skincare Products for Just $79
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
A year after 2022 elections, former House Jan. 6 panel members warn of Trump and 2024 danger
Senate Republicans outline border security measures they want as a condition for aiding Ukraine
Japan and UK ministers are to discuss further deepening of security ties on the sidelines of G7
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Andy Cohen Asks CNN to Allow Alcohol for New Year’s Eve Broadcast
Golden State Warriors to host 2025 NBA All-Star Game at Chase Center
Abigail Breslin Mourns Death of My Sister’s Keeper Costar Evan Ellingson