Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -VisionFunds
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-21 13:25:06
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! (1)
Related
- Sam Taylor
- Jason Kelce Has Cheeky Response to Critic “Embarrassed” by His Dancing
- Bodies of 3 people found dead after structure fire in unincorporated community
- False reports of explosives found in a car near a Trump rally spread online
- $73.5M beach replenishment project starts in January at Jersey Shore
- Grand prize winner removed 20 Burmese pythons from the wild in Florida challenge
- Best Collagen Face Masks for Firmer, Glowing Skin, According to an Expert
- First and 10: Texas has an Arch Manning problem. Is he the quarterback or Quinn Ewers?
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Mississippi high court rejects the latest appeal by a man on death row since 1994
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Speaker Johnson takes another crack at spending bill linked to proof of citizenship for new voters
- Mississippi program aims to connect jailed people to mental health services
- Police shift focus in search for Kentucky highway shooting suspect: 'Boots on the ground'
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Georgia prosecutors drop all 15 counts of money laundering against 3 ‘Cop City’ activists
- Dancing With the Stars: Dwight Howard, 'pommel horse guy' among athletes competing
- A Dangerous Chemical Is Fouling Niagara Falls’ Air. New York State Hasn’t Put a Stop to It
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Billie Eilish tells fans to vote for Kamala Harris 'like your life depends on it, because it does'
Harassment case dismissed against Alabama transportation director
What time does 'The Golden Bachelorette' start? Premiere date, cast, where to watch and stream
Nevada attorney general revives 2020 fake electors case
NFL power rankings Week 3: Chiefs still No. 1, but top five overhaul occurs after chaotic weekend
Xandra Pohl Fuels Danny Amendola Dating Rumors at Dancing With the Stars Taping
Small plane lands safely at Boston’s Logan airport with just one wheel deployed