Current:Home > InvestToyota 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:2025-04-13 13:59:13
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! (7)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- A kid's guide to climate change (plus a printable comic)
- How to prepare for the 2023 hurricane season with climate change in mind
- RHOBH's Erika Jayne Reveals What She Really Thinks of New Housewife Annemarie Wiley
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Let them eat... turnips? Tomato shortage in UK has politicians looking for answers
- Dancing With the Stars' Len Goodman Predicted His Death 4 Months Before His Passing
- The EPA approves California's plan to phase out diesel trucks
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Maria Menounos and Husband Keven Undergaro Reveal Sex of Baby
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- This Affordable Amazon Tank Top Is the Perfect Cottagecore Look for Spring
- A meteorologist got threats for his climate coverage. His new job is about solutions
- NOAA predicts a 'near-normal' hurricane season. But that's not good news
- Meta releases AI model to enhance Metaverse experience
- Balloon shoot-down has U.S. on alert. Weather forecasters know how to steer clear
- Proof Margot Robbie and Ryan Gosling Are Still Living in a Barbie World
- How melting Arctic ice could be fueling extreme wildfires in the Western U.S.
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Why John Stamos Once Had Mary-Kate and Ashley Olsen Temporarily Fired From Full House
Where are the whales? Scientists find clues thousands of miles away
Queen Camilla’s Son Tom Parker Bowles Makes Rare Comments on Her Marriage to King Charles
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Get 2 MAC Cosmetics Prep + Prime Fix Setting Sprays for the Price of 1
Disney Executive Dave Hollis’ Cause of Death Revealed
Ryan Gosling Trades in the Ken-ergy for a '90s Boy Band Style with Latest Look