Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -MoneyBase
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 22:47:24
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! (63685)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- The Best Makeup Removers by Type With Picks From Olivia Culpo, Chloe Bailey, Paige DeSorbo, and More
- How Alabama's ruling that frozen embryos are 'children' could impact IVF
- Young girl killed when a hole she dug in the sand collapsed on a Florida beach, authorities said
- Tom Holland's New Venture Revealed
- Southern California shopping center closed following reports of explosion
- Kate Spade Outlet's Novelty Shop Is The Best Kept Secret For Trendy Style, With Deals Starting at $19
- American Airlines is increasing checked baggage fees. Here's how other airlines stack up
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Jury selection begins for trial of “Rust” armorer in fatal 2021 shooting by Alec Baldwin
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Machine Gun Kelly reveals massive black tattoo: See the photo
- Divorce of Kevin Costner and Christine Baumgartner is finalized, officially ending their marriage
- What Does Kate Gosselin Think of Jon Gosselin’s New Relationship? He Says…
- Intel's stock did something it hasn't done since 2022
- Olympian Scott Hamilton Shares He's Not Undergoing Treatment for 3rd Brain Tumor
- Sam Bankman-Fried makes court appearance to switch lawyers before March sentencing
- Dead satellite ERS-2 projected hurtle back to Earth on Wednesday, space agency says
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Russia spy chief calls military pilot who defected to Ukraine a moral corpse after reported murder in Spain
Dolly Parton spills on Cowboys cheerleader outfit, her iconic look: 'A lot of maintenance'
88-year-old mother testifies in murder conspiracy trial about daughter’s disappearance
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Sam Bankman-Fried makes court appearance to switch lawyers before March sentencing
Biden says he's considering additional sanctions on Russia over Alexey Navalny's death
Malia Obama Is Now Going by This Stage Name