Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetTrainer
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 08:16:54
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! (24275)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 1 killed in shootings at Jacksonville Beach on St. Patrick’s Day
- Haiti's long history of crises, and its present unrest
- Ariana Grande and Dalton Gomez are officially divorced
- Retirement planning: 3 crucial moves everyone should make before 2025
- Man seeks clemency to avoid what could be Georgia’s first execution in more than 4 years
- Sculpture park aims to look honestly at slavery, honoring those who endured it
- Horoscopes Today, March 17, 2024
- The Super Bowl could end in a 'three
- Afghan refugee convicted of murder in a case that shocked Albuquerque’s Muslim community
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Former Mississippi Archives and History department leader Elbert Hilliard dies at age 87
- 'My body won't cooperate any longer': Ex-Cowboys LB Leighton Vander Esch retires from NFL
- Caitlin Clark and Iowa get no favors in NCAA Tournament bracket despite No. 1 seed
- All That You Wanted to Know About She’s All That
- Suspect in fatal shooting of New Mexico state police officer caught
- Afghan refugee convicted of murder in a case that shocked Albuquerque’s Muslim community
- Trump backs Kevin McCarthy protege in California special election for former speaker’s seat
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Appeals panel asks West Virginia court whether opioids distribution can cause a public nuisance
Parents of Michigan school shooting victims say more investigation is needed
Which NCAA basketball teams are in March Madness 2024? See the full list by conference
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
R. Kelly seeks appeals court relief from 30-year prison term
Ariana Grande and Dalton Gomez are officially divorced
Maryland House votes for bill to direct $750M for transportation needs