Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Infinite Edge Capital
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 12:14:14
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! (62587)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Man indicted on murder charge 23 years after girl, mother disappeared in West Virginia
- Alexander Payne keeps real emotion at bay in the coyly comic 'Holdovers'
- Sofia Richie Makes a Convincing Case to Revive the Y2K Trend of Using Concealer as Lipstick
- The White House is cracking down on overdraft fees
- Palestinians plead ‘stop the bombs’ at UN meeting but Israel insists Hamas must be ‘obliterated’
- Former President George W. Bush to throw out ceremonial first pitch before World Series opener
- Blac Chyna Reveals Where She Stands With the Kardashian-Jenner Family After Past Drama
- Louvre will undergo expansion and restoration project, Macron says
- Northwestern State football cancels 2023 season after safety Ronnie Caldwell's death
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Judge in Trump's New York fraud trial upholds $10,000 fine for violating gag order
- The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%
- Powerball winning numbers from Oct. 25 drawing: Jackpot now at $125 million
- What do we know about the mysterious drones reported flying over New Jersey?
- Farmington police release video from fatal shooting of armed man on Navajo reservation
- Prescription for disaster: America's broken pharmacy system in revolt over burnout and errors
- Duran Duran reunites with Andy Taylor for best song in a decade on 'Danse Macabre' album
Recommendation
Rylee Arnold Shares a Long
Mia Talerico’s Good Luck Charlie Reunion Proves Time Flies
Report: Quran-burning protester is ordered to leave Sweden but deportation on hold for now
5 Things podcast: Anti-science rhetoric heavily funded, well-organized. Can it be stopped?
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Patrick Dempsey Speaks Out on Mass Shooting in His Hometown of Lewiston, Maine
Judge finds former Ohio lawmaker guilty of domestic violence in incident involving his wife
Bar struck by Maine mass shooting mourns victims: In a split second your world gets turn upside down