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:2025-04-18 23:01:27
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! (624)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- 36 Unique Hostess Gifts Under $25 To Make You the Favorite Guest as Low $4.99
- Bruins' Jeremy Swayman among unsigned players as NHL training camps open
- Lawsuits buffet US offshore wind projects, seeking to end or delay them
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Senate panel OKs action against Steward Health Care CEO for defying subpoena
- Bruins' Jeremy Swayman among unsigned players as NHL training camps open
- What are the signs you need hormone replacement therapy? And why it may matter for longevity.
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Woman suffers leg burns after hiking off trail near Yellowstone Park’s Old Faithful
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- New Hampshire class action approved for foster teens with mental health disabilities
- Orioles hope second-half flop won't matter for MLB playoffs: 'We're all wearing it'
- Tyson Foods Sued Over Emissions Reduction Promises
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Autopsy finds a California couple killed at a nudist ranch died from blows to their heads
- The Real Reason Joan Vassos Gave Her First Impression Rose to This Golden Bachelorette Contestant
- Texans' C.J. Stroud explains postgame exchange with Bears' Caleb Williams
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Why Sean Diddy Combs No Longer Has to Pay $100 Million in Sexual Assault Case
Inmates stab correctional officers at a Massachusetts prison
Family of man found dead with a rope around neck demands answers; sheriff says no foul play detected
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
See Snoop Dogg Make His Epic The Voice Debut By Smoking His Fellow Coaches (Literally)
Voters view Harris more favorably as she settles into role atop Democratic ticket: AP-NORC poll
Sebastian Stan Defends Costar Adam Pearson’s Condition After Reporter Uses Term Beast in Interview