Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -SecureNest Finance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 20:27:53
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! (8332)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Michelle Obama's Mother Marian Shields Robinson Dead at 86
- Robert Plant and Alison Krauss are equal parts ribbing and respect ahead of summer tour
- Eiza González Defends Jennifer Lopez After Singer Cancels Tour
- Rylee Arnold Shares a Long
- Michelle Obama's Mother Marian Shields Robinson Dead at 86
- Retired Virginia police officer sentenced in deaths of wife and stepdaughter
- Boeing Starliner launch scheduled to take NASA astronauts to ISS scrubbed
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- The Truth About Marilyn Monroe's Final Hours and More Devastating Details in The Unheard Tapes
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Olympic gold medalist Katie Ledecky says faith in anti-doping policies at 'all-time low'
- From his Montana ranch, a retired lawmaker in a crowded House race is angling for a comeback
- Real Housewives of Beverly Hills' Kyle Richards Shares Affordable Outdoor Entertaining Essentials
- What do we know about the mysterious drones reported flying over New Jersey?
- Drew Brees said he could have played another three years in NFL if not for arm trouble
- Tulsa Race Massacre survivors seek justice as search for graves, family roots continue
- 'Heartbroken' Jake Paul reveals when Mike Tyson would like postponed fight to be rescheduled
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
6-week-old baby fatally mauled in crib by family dog in Tennessee
Untangling the Story Behind Dancing for the Devil: The 7M TikTok Cult
With his transgender identity public, skier Jay Riccomini finds success on and off the slopes
Dick Vitale announces he is cancer free: 'Santa Claus came early'
South Korea court orders SK Group boss to pay a record $1 billion divorce settlement
Idaho jury deliberating sentence for man who killed wife and girlfriend’s 2 children
Northern lights could be visible in the US again tonight: What states should look to the sky