Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -Secure Growth Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 13:55:16
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! (3598)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Police called in to North Dakota state forensic examiner’s office before her firing
- Expert will testify on cellphone data behind Idaho killing suspect Bryan Kohberger’s alibi
- Beyoncé's 'Cowboy Carter' is boosting many different industries. Here are few
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- More remains found along Lake Michigan linked to murder of college student Sade Robinson
- AP Explains: 4/20 grew from humble roots to marijuana’s high holiday
- From 'Argylle' to 'Rebel Moon Part 2,' here are 15 movies you need to stream right now
- North Carolina justices rule for restaurants in COVID
- Attorneys argue that Florida law discriminates against Chinese nationals trying to buy homes
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Read Taylor Swift and Stevie Nicks' prologue, epilogue to 'The Tortured Poets Department'
- US restricts drilling and mining in Alaska wilderness
- Coachella 2024: Lineup, daily schedule, times, how to watch second weekend live
- Retirement planning: 3 crucial moves everyone should make before 2025
- Heart, the band that proved women could rock hard, reunite for a world tour and a new song
- Indianapolis official La Keisha Jackson to fill role of late state Sen. Jean Breaux
- Latest version of House TikTok bill gets crucial support in Senate
Recommendation
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Top Cuban official says country open to more U.S. deportations, blames embargo for migrant exodus
Dubious claims about voting flyers at a migrant camp show how the border is inflaming US politics
FAA investigating after it says a flight told to cross a runway where another was starting takeoff
$73.5M beach replenishment project starts in January at Jersey Shore
Phish at the Sphere: All the songs they played on opening night in Las Vegas
Utah and Florida clinch final two spots at NCAA championship, denying Oklahoma’s bid for three-peat
Tennessee teacher arrested after bringing guns to preschool, threatening co-worker, police say