Current:Home > MarketsToyota 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:2025-04-16 14:18:37
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! (813)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- New details reveal Georgia special grand jury in Trump election case recommended charges for Lindsey Graham
- Idaho college killings prosecutors want to limit cameras in court
- 3 former deputy jailers sentenced to prison in Kentucky inmate’s death
- Trump's 'stop
- Nicki Minaj paints hip-hop pink — and changes the game
- 'One of the best summers': MLB players recall sizzle, not scandal, from McGwire-Sosa chase
- Danelo Cavalcante escape timeline: Everything that's happened since fugitive fled Pennsylvania prison
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- California governor signs bill to clear hurdles for student housing at Berkeley’s People’s Park
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Why the environmental impacts of the Maui wildfires will last for years
- Pelosi says she’ll run for reelection in 2024 as Democrats try to win back House majority
- 'Actual human skull' found in Goodwill donation box believed to be 'historic,' not a crime
- Louvre will undergo expansion and restoration project, Macron says
- Wynn Resorts to settle sexual harassment inaction claim from 9 female salon workers
- Turkish cave rescue underway: International teams prep to pull American from Morca sinkhole
- Trump's Georgia co-defendants may have millions in legal expenses — who will foot the bill?
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
UN report says the world is way off track to curb global warming, but offers ways to fix that
New Mexico governor seeks federal agents to combat gun violence in Albuquerque
Hurricane Lee is now a Category 4 storm. Here's what to know about the major hurricane.
Former longtime South Carolina congressman John Spratt dies at 82
Say Yes to These 20 Secrets About My Big Fat Greek Wedding
Lawsuit blames Peloton for death of NYC man whose bike fell on his neck during workout
Ohio state Rep. Bob Young says he’ll resign following arrests in domestic violence case