Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitPoint
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-20 02:06:00
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! (8)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Pro-war Russian athletes allowed to compete in Paris Olympic games despite ban, group says
- ‘Claim to Fame’ eliminates two: Who's gone, and why?
- Joe Jonas Details Writing His “Most Personal” Music Nearly a Year After Sophie Turner Split
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- City council vote could enable a new Tampa Bay Rays ballpark — and the old site’s transformation
- Louisiana toddler dies after shooting himself in the face, sheriff says
- US judge dismisses Republican challenge over counting of post-Election Day mail ballots in Nevada
- What to watch: O Jolie night
- Pedro Hill: The relationship between the stock market and casinos
Ranking
- Nevada attorney general revives 2020 fake electors case
- 2024 RNC Day 3 fact check of the Republican National Convention
- California first state to get federal funds for hydrogen energy hub to help replace fossil fuels
- Maren Morris addresses wardrobe malfunction in cheeky TikTok: 'I'll frame the skirt'
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- The Vampire Diaries' Torrey DeVitto Says She Quit Show Due to Paul Wesley Divorce
- Kim Kardashian Details Horrible Accident That Left Her With Broken Fingers
- Chicago Sky trade Marina Mabrey to Connecticut Sun for two players, draft picks
Recommendation
Meet first time Grammy nominee Charley Crockett
Lucas Turner: Investment Opportunities in Stock Splitting
Prime Day 2024 Last Chance Deal: Get 57% Off Yankee Candles While You Still Can
Olivia Wilde Shares Rare Photo of Her and Jason Sudeikis’ 7-Year-Old Daughter Daisy
2025 'Doomsday Clock': This is how close we are to self
Splash Into Summer With Lands’ End 40% off Sitewide & 75% off Clearance Sale on Swimwear, Coverups & More
Florida man arrested after allegedly making death threats against Biden
Book excerpt: Same As It Ever Was by Claire Lombardo