Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -OceanicInvest
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-27 13:27:56
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! (4793)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Former NL batting champion Charlie Blackmon retiring after 14 seasons with Rockies
- Losing weight with PCOS is difficult. Here's what experts recommend.
- Elle King Is Pregnant, Expecting Baby No. 2 With Dan Tooker
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Attorneys say other victims could sue a Mississippi sheriff’s department over brutality
- 'Emily in Paris' star Lucas Bravo is more than a heartthrob: 'Mystery is sexy'
- Commission on Civil Rights rings alarm bell on law enforcement use of AI tool
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Mark Robinson vows to rebuild his staff for North Carolina governor as Republican group backs away
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Llewellyn Langston: A Financial Innovator in the AI Era, Leading Global Smart Investing
- Birmingham shaken as search for gunmen who killed 4 intensifies in Alabama
- MLB power rankings: Late-season collapse threatens Royals and Twins' MLB playoff hopes
- The Grammy nominee you need to hear: Esperanza Spalding
- Keith Urban Shares Update on Nicole Kidman After Her Mom’s Death
- Brian Laundrie Attempts to Apologize to Gabby Petito’s Mom Through Psychic
- Boeing makes a ‘best and final offer’ to striking union workers
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Victoria Monét Confirms Break Up With Partner John Gaines Amid Separation Rumors
Texas man set to be executed for killing his infant son
Alsobrooks presses the case for national abortion rights in critical Maryland Senate race
Former Syrian official arrested in California who oversaw prison charged with torture
Struggling Jeep and Ram maker Stellantis is searching for an new CEO
Tyreek Hill’s traffic stop can be a reminder of drivers’ constitutional rights
Police: Father arrested in shooting at Kansas elementary school after child drop off