Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -CoinMarket
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Benjamin Ashford View
Date:2025-04-08 04:51:33
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! (7455)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Tennessee’s US Sen. Blackburn seeks reelection against Democratic state Rep. Gloria Johnson
- US Rep. Lauren Boebert will find out whether switching races worked in Colorado
- Soccer Player José Hugo de la Cruz Meza Dead at 39 After Being Struck by Lightning During Televised Game
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Savencia Cheese recalls Brie cheeses sold at Aldi, Market Basket after listeria concerns
- Alaska voters deciding a hard-fought race for the state’s only U.S. House seat, election issues
- Jason Kelce apologizes for role in incident involving heckler's homophobic slur
- Current, future North Carolina governor’s challenge of power
- Pennsylvania is home to 5 heavily contested races for the US House
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Florida Sen. Rick Scott seeks reelection with an eye toward top GOP leadership post
- 3 stocks that could be big winners if Kamala Harris wins but the GOP controls Congress
- Kirk Herbstreit calls dog's cancer battle 'one of the hardest things I've gone through'
- 'We're reborn!' Gazans express joy at returning home to north
- Two Democratic leaders seek reelection in competitive races in New Mexico
- Kirk Herbstreit calls dog's cancer battle 'one of the hardest things I've gone through'
- Kirk Herbstreit calls dog's cancer battle 'one of the hardest things I've gone through'
Recommendation
A South Texas lawmaker’s 15
Ariana Grande Responds to Fan Criticism Over Her Wicked Casting
A History of Presidential Pets Who Lived in the Lap of Luxury at the White House
Is oat milk good for you? Here's how it compares to regular milk.
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Kamala Harris concert rallies: Lady Gaga, Katy Perry, Ricky Martin, more perform
People — and salmon — return to restored Klamath to celebrate removal of 4 dams
Kristin Cavallari Wants Partner With a Vasectomy After Mark Estes Split