Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -StockSource
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 03:02:53
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! (748)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- AP PHOTOS: Crowds bundle up to take snowy photos of Beijing’s imperial-era architecture
- Why '90s ads are unforgettable
- NBA All-Star George McGinnis dies at 73 after complications from a cardiac arrest
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Missile fired from rebel-controlled Yemen misses a container ship in Bab el-Mandeb Strait
- Maalik Murphy is in the transfer portal, so what does this mean for the Texas Longhorns?
- Coal mine accident kills 3 in northern China’s Shanxi province, a major coal-producing region
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- US judge to weigh cattle industry request to halt Colorado wolf reintroduction
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Taylor Lautner Shares Insight Into 2009 Breakup With Taylor Swift
- Israel vows to fight on in Gaza despite deadly ambush and rising international pressure
- Bachelor Nation's Shawn Booth Welcomes First Baby With Dre Joseph
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- How should you talk to kids about Santa? Therapist shares what is and isn’t healthy.
- In 'The Boy and the Heron,' Hayao Miyazaki looks back
- Former British soldier to stand trial over Bloody Sunday killings half a century ago
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Earliest version of Mickey Mouse set to become public domain in 2024, along with Minnie, Tigger
Rooney Rule hasn't worked to improve coaching diversity. But this new NFL program might
Janet Yellen says the Trump administration’s China policies left the US more vulnerable
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Bachelor Nation's Shawn Booth Welcomes First Baby With Dre Joseph
A Buc-ee's monument, in gingerbread form: How a Texas couple recreated the beloved pitstop
Guyana and Venezuela leaders meet face-to-face as region pushes to defuse territorial dispute