Current:Home > NewsToyota 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 06:59:46
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! (183)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Carbon trading gets a green light from the U.N., and Brazil hopes to earn billions
- Allison Holker and Kids Celebrate First Easter Since Stephen tWitch Boss' Death
- Palestinians in occupied West Bank say Israel bombing innocent people in raid on Jenin refugee camp
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- In Beijing, Yellen raises concerns over Chinese actions against U.S. businesses
- Kate Middleton, Prince William and Their 3 Kids Match in Blue for Easter Church Service
- Nations with 85% of Earth's forests pledge to reverse deforestation
- Sam Taylor
- 700 arrested in fifth night of French riots; mayor's home attacked
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Kelly Osbourne Shares Rare Glimpse of Her Baby Boy Sidney in New Photos
- Russia claims it repelled another drone attack by Ukraine on Moscow
- Heavy rains bring flooding and mudslides to the Pacific Northwest and Canada
- American news website Axios laying off dozens of employees
- Kate Middleton, Prince William and Their 3 Kids Match in Blue for Easter Church Service
- Russia claims it repelled another drone attack by Ukraine on Moscow
- PHOTOS: Cyclones and salty water are a threat. These women are finding solutions
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Go Hands-Free With 70% Off Deals on Coach Backpacks and Belt Bags
Carbon trading gets a green light from the U.N., and Brazil hopes to earn billions
In hurricane-wrecked Southern Louisiana, longtime residents consider calling it quits
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Why Christmas trees may be harder to find this year (and what you can do about it)
How 2021's floods and heat waves are signs of what's to come
How Below Deck Sailing Yacht's Gary Really Feels About Daisy and Colin's Romance