Current:Home > reviewsToyota 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:2025-04-18 15:49:30
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! (468)
Related
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Read the full text of the Trump indictment for details on the charges against him
- Greater exercise activity is tied to less severe COVID-19 outcomes, a study shows
- Jamie Foxx Is Out of the Hospital Weeks After Health Scare
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Fears of a 'dark COVID winter' in rural China grow as the holiday rush begins
- Judge Throws Out Rioting Charge Against Journalist Covering Dakota Access Protest
- Person of interest named in mass shooting during San Francisco block party that left nine people wounded
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Judge Fails to Block Dakota Pipeline Construction After Burial Sites Destroyed
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Texas inmate Trent Thompson climbs over fence to escape jail, captured about 250 miles away
- 10 key takeaways from the Trump indictment: What the federal charges allegedly reveal
- U.S. Solar Market Booms, With Utility-Scale Projects Leading the Way
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Dakota Access Opponents Thinking Bigger, Aim to Halt Entire Pipeline
- States Vowed to Uphold America’s Climate Pledge. Are They Succeeding?
- 18 Grossly Satisfying Beauty Products With Instant Results
Recommendation
9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
Climate Costs Rise as Amazon, Retailers Compete on Fast Delivery
How did COVID warp our sense of time? It's a matter of perception
Today’s Climate: September 21, 2010
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
2 horses die less than 24 hours apart at Belmont Park
Why Alexis Ohanian Is Convinced He and Pregnant Serena Williams Are Having a Baby Girl
A major drugmaker plans to sell overdose-reversal nasal spray Narcan over the counter