Current:Home > NewsToyota 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
Algosensey Quantitative Think Tank Center View
Date:2025-04-06 18:23:57
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! (747)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Adam Sandler's Daughters Sunny and Sadie Are All Grown Up During Family Night Out
- Nebraska prosecutors to pursue death penalty in only one of two grisly small-town killings
- Don Henley is asked at Hotel California lyrics trial about the time a naked teen overdosed at his home in 1980
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Reviewers Can't Stop Buying These 18 Products From Amazon Because They're So Darn Genius
- Halle Bailey and Halle Berry meet up in sweet photo: 'When two Halles link up'
- Taylor Swift Gave This Sweet Gift to Travis Kelce's Kansas City Chiefs Football Team
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- The bodies of an Australian couple killed by a police officer who was an ex-lover have been found
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Kristin Cavallari Debuts New Romance With Mark Estes
- Cherry Starr, philanthropist wife of the late Green Bay Packers quarterback Bart Starr, dies at 89
- SAG-AFTRA adjusts intimacy coordinator confidentiality rules after Jenna Ortega movie
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- FDA warns against smartwatches, rings that claim to measure blood sugar without needles
- The rate of antidepressants prescribed to young people surged during the pandemic
- Jurors begin deliberations in retrial of an ex-convict accused of killing a 6-year-old Tucson girl
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Nathan Wade’s ex-law partner expected to testify as defense aims to oust Fani Willis from Trump case
Is Kathy Hilton the Real Reason for Kyle Richards & Dorit Kemsley's Falling Out? See the Costars Face Off
Murphy seek $55.9B New Jersey budget, increasing education aid, boosting biz taxes to fund transit
'Most Whopper
You can get a free Cinnabon Pull-Apart cup from Wendy's on leap day: Here's what to know
By defining sex, some states are denying transgender people of legal recognition
Biden and Trump plan dueling visits to U.S.-Mexico border in Texas on Thursday