Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthSphere Pro
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 22:28:30
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! (54893)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- The Best Workout Sets for Gym Girlies, Hot Girl Walks and More in 2024
- 2 young boys, brothers ages 6 and 8, die after falling into icy pond in Wisconsin: Police
- From snow squalls to tornado warnings, the U.S. is being pummeled with severe storms this week. What do these weather terms mean?
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- See how every college football coach in US LBM Coaches Poll voted in final Top 25 rankings
- Arizona shelter dog's midnight munchies leads to escape attempt: See the video
- Gov. Laura Kelly calls for Medicaid expansion, offers tax cut plan that speeds up end of grocery tax
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- New Mexico Legislature confronts gun violence, braces for future with less oil wealth
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- South Carolina Republicans back trans youth health care ban despite pushback from parents, doctors
- Securities and Exchange Commission's X account compromised, sends fake post on Bitcoin ETF
- Small-town Nebraska voters remove school board member who tried to pull books from libraries
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- The Puffer Trend Beyond the Jackets— Pants, Bucket Hats, and Belt Bags From Lululemon and More
- Ex-West Virginia health manager scheduled for plea hearing in COVID-19 payment probe
- Hangout Music Festival 2024 lineup: Lana Del Rey, Odesza, Zach Bryan to headline
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Panel of judges says a First Amendment challenge to Maryland’s digital ad tax should be considered
Court sends case of prosecutor suspended by DeSantis back to trial judge over First Amendment issues
Paul Giamatti's own high school years came in handy in 'The Holdovers'
South Korean president's party divided over defiant martial law speech
AEW star Adam Copeland revels in the 'joy' of war god Ares in Disney+'s 'Percy Jackson'
71-year-old serial bank robber who spent 40 years in prison strikes again in LA police say
Florida welcomes students fleeing campus antisemitism, with little evidence that there’s demand