Current:Home > MyToyota 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:2025-04-12 22:46:09
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! (77)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Can my employer restrict religious displays at work? Ask HR
- Which four Republicans will be on stage for the fourth presidential debate?
- Tuberville is ending blockade of most military nominees, clearing way for hundreds to be approved
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Serena Williams Reveals Her Breastmilk Helped Treat the Sunburn on Her Face
- Jonathan Majors' accuser Grace Jabbari testifies in assault trial
- The Gaza Strip: Tiny, cramped and as densely populated as London
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- El Salvador is seeing worst rights abuses since 1980-1992 civil war, Amnesty reports
Ranking
- Meta releases AI model to enhance Metaverse experience
- Florida discontinues manatee winter feeding program after seagrass conditions improve
- Las Vegas teen arrested after he threatened 'lone wolf' terrorist attack, police say
- Jonathan Majors’ accuser said actor’s ‘violent temper’ left her fearful before alleged assault
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Memorials to victims of Maine’s deadliest mass shootings to be displayed at museum
- European soccer body UEFA pledges at UN to do more to promote human rights and fight discrimination
- Can office vacancies give way to more housing? 'It's a step in the right direction'
Recommendation
Man charged with murder in death of beloved Detroit-area neurosurgeon
'Past Lives,' 'May December' lead nominations for Independent Spirit Awards
Jacky Oh's Partner DC Young Fly Shares Their Kids' Moving Message 6 Months After Her Death
Video shows Alabama police officer using stun gun against handcuffed man
Meta releases AI model to enhance Metaverse experience
Maduro orders the ‘immediate’ exploitation of oil, gas and mines in Guyana’s Essequibo
Patients expected Profemur artificial hips to last. Then they snapped in half.
Prince Harry challenges decision to strip him of security after move to US with Meghan