Current:Home > reviewsToyota 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:2025-04-12 03:16:27
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! (2253)
Related
- North Carolina justices rule for restaurants in COVID
- Jason Kelce Offers Up NSFW Explanation for Why Men Have Beards
- What is best start in NBA history? Five teams ahead of Cavaliers' 13-0 record
- Jake Paul's only loss led him to retool the team preparing him to face Mike Tyson
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Japan to resume V-22 flights after inquiry finds pilot error caused accident
- Natural gas flares sparked 2 wildfires in North Dakota, state agency says
- South Carolina to take a break from executions for the holidays
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- High-scoring night in NBA: Giannis Antetokounmpo explodes for 59, Victor Wembanyama for 50
Ranking
- Bodycam footage shows high
- What is best start in NBA history? Five teams ahead of Cavaliers' 13-0 record
- Halle Berry surprises crowd in iconic 2002 Elie Saab gown from her historic Oscar win
- Texas man accused of supporting ISIS charged in federal court
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Jennifer Hudson, Kylie Minogue and Billy Porter to perform at Macy’s Thanksgiving Parade
- Video ‘bares’ all: Insurers say bear that damaged luxury cars was actually a person in a costume
- Georgia House Democrats shift toward new leaders after limited election gains
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
'Survivor' 47, Episode 9: Jeff Probst gave players another shocking twist. Who went home?
Kyle Richards Swears This Holiday Candle Is the Best Scent Ever and She Uses It All Year
Mississippi expects only a small growth in state budget
The company planning a successor to Concorde makes its first supersonic test
FBI raids New York City apartment of Polymarket CEO Shayne Coplan, reports say
Could trad wives, influencers have sparked the red wave among female voters?
How Kim Kardashian Navigates “Uncomfortable” Situations With Her 4 Kids