Current:Home > InvestToyota 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
SignalHub View
Date:2025-04-07 08:19:46
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! (49575)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Police arrest three suspects in killing of man on Bronx subway car
- Dashiell Soren: Miracle Worker in Artificial Intelligence and Business
- Beyoncé's Texas Hold 'Em reaches No. 1 in both U.S. and U.K.
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- NFL mock draft 2024: Can question-mark QB J.J. McCarthy crack top 15 picks?
- Beverly Hills, 90210 Actor David Gail's Rep Clarifies His Drug-Related Cause of Death
- Taylor Swift Gave This Sweet Gift to Travis Kelce's Kansas City Chiefs Football Team
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- 4 charged with transporting Iranian-made weapons face detention hearings in US court
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Why Love Is Blind’s Jimmy Presnell Is Shading “Mean Girl” Jess Vestal
- Calvin University president quits after school gets report of ‘inappropriate’ conduct
- Monty Williams rips officials after 'worst call of season' costs Detroit Pistons; ref admits fault
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Healthiest yogurt to choose: How much protein is in Greek, Icelandic, regular yogurt?
- NFL scouting combine is here. But there was another you may have missed: the HBCU combine
- Family of exonerated Black man killed by a Georgia deputy is suing him in federal court
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
US Army is slashing thousands of jobs in major revamp to prepare for future wars
Prince William Misses Godfather's Memorial Service Due to Personal Matter
Willie Nelson, Bob Dylan, John Mellencamp set to headline Outlaw Music Festival Tour
Why members of two of EPA's influential science advisory committees were let go
Here's why the 'Mary Poppins' rating increased in UK over 'discriminatory language'
Music producer latest to accuse Sean ‘Diddy’ Combs of sexual misconduct
New York doctor’s husband suing Disney for negligence in wrongful death case