Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthFlow Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 03:52:40
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! (421)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Expert witnesses for Trump's defense billed almost $900,000 each for testifying on his behalf at fraud trial
- Alo Yoga's 40% Off Sale Has Bras Starting at $34 & We Can't Click Fast Enough
- The History of Mackenzie Phillips' Rape and Incest Allegations Against Her Father John Phillips
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- UN says the Taliban must embrace and uphold human rights obligations in Afghanistan
- The NRA has a surprising defender in its free speech case before the Supreme Court: the ACLU
- Police in Lubbock, Texas, fatally shoot a man who officer say charged them with knives
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Over 300 Rohingya Muslims fleeing Myanmar arrive in Indonesia’s Aceh region after weeks at sea
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Anne Hathaway's Stylist Erin Walsh Reveals Her Foolproof Tips for Holiday Fashion
- Zimbabwe holds special elections after court rules to remove 9 opposition lawmakers from Parliament
- Divers recover the seventh of 8 crew members killed in crash of a US military Osprey off Japan
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Columbus Crew vs. Los Angeles FC MLS Cup 2023: Live stream, time, date, odds, how to watch
- Bangladesh opposition party holds protest as it boycotts Jan. 7 national election amid violence
- A pregnant Texas woman asked a court for permission to get an abortion, despite a ban. What’s next?
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Germany’s Scholz confident of resolving budget crisis, says no dismantling of the welfare state
'She was a pure creator.' The art world rediscovers Surrealist painter Leonor Fini
Organizers of COP28 want an inclusive summit. But just how diverse is the negotiating table?
The company planning a successor to Concorde makes its first supersonic test
3 people killed and 1 wounded in shooting at Atlanta apartment building, police say
Homes damaged by apparent tornado as severe storms rake Tennessee
Daddy Yankee retiring from music to devote his life to Christianity