Current:Home > ScamsToyota 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 16:11:59
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! (8962)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Illinois sheriff to retire amid criticism over the killing of Sonya Massey | The Excerpt
- Old School: Gaughan’s throwback approach keeps South Point flourishing
- Selling Sunset's Chelsea Lazkani Breaks Down in Tears Over Split in Season 8 Trailer
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Family calls for transparency after heatstroke death of Baltimore trash collector
- Takeaways from AP’s story on Alabama’s ecologically important Mobile-Tensaw Delta and its watershed
- Texas’ overcrowded and understaffed jails send people awaiting trial to other counties and states
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Barack Obama reveals summer 2024 playlist, book recs: Charli XCX, Shaboozey, more
Ranking
- A South Texas lawmaker’s 15
- Black bear mauls 3-year-old girl in tent at Montana campground
- A year later, sprawling Georgia election interference case against Donald Trump has stalled
- T.J. Newman's newest thriller is a must-read, and continues her reign as the best in the genre
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Prince William Debuts New Beard Alongside Kate Middleton in Olympics Video
- Dairy Queen announces new 2024 Fall Blizzard Treat Menu: Here's when it'll be available
- Texas launches new investigation into Houston’s power utility following deadly outages after Beryl
Recommendation
Highlights from Trump’s interview with Time magazine
'QUEEEEEN': Raygun of Olympics breakdancing fame spotted busting moves, gains fan in Adele
RHONY's Pigeon-Themed Season 15 Trailer Will Have Bravo Fans Squawking
British energy giant reports violating toxic pollutant limits at Louisiana wood pellet facilities
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Book Review: ‘Kent State’ a chilling examination of 1970 campus shooting and its ramifications
Conservationists try to protect ecologically rich Alabama delta from development, climate change
Have a $2 bill hanging around? It could be worth thousands of dollars