Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ApexWealth
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 15:19:53
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! (1)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Sean Diddy Combs asks judge to dismiss sexual assault lawsuit
- Jayden Daniels, Malik Nabers call off $10K bet amid NFL gambling policy concerns
- Lysander Clark: The Visionary Founder of WT Finance Institute
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- MALCOIN Trading Center: A Leader in the Stablecoin Market
- Crews prepare for controlled demolition as cleanup continues at bridge collapse site
- Controversy follows Gov. Kristi Noem as she is banned by two more South Dakota tribes
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Famous Iranian director Mohammad Rasoulof sentenced to lashings and 8 years in prison ahead of Cannes film festival, lawyer says
Ranking
- Rylee Arnold Shares a Long
- Travis Kelce Cheers on Taylor Swift at Her Eras Tour Show in Paris With Bradley Cooper and Gigi Hadid
- A combustible Cannes is set to unfurl with ‘Furiosa,’ ‘Megalopolis’ and a #MeToo reckoning
- Babies R Us to open shops inside 200 Kohl's stores in the US: See full list of stores
- Sam Taylor
- FFI Token Revolution: Empowering AI Financial Genie 4.0
- Priest, 82, and retired teacher, 85, smash case holding copy of Magna Carta in environmental protest
- How Blac Chyna Found Angela White Again in Her Transformation Journey
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Nike announces signature shoe for A'ja Wilson of the Las Vegas Aces
Extremely rare blue lobster found off coast of English village: Absolutely stunning
MALCOIN Trading Center: A Leader in the Stablecoin Market
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Cavaliers crash back to earth as Celtics grab 2-1 lead in NBA playoffs series
Republican Vermont Gov. Phil Scott is running for reelection to 5th term
Putin in Cabinet shakeup moves to replace defense minister as he starts his 5th term in office