Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetPath
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-24 12:05:09
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! (341)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- The Essentials: As Usher lights up the Las Vegas strip, here are his must-haves
- Kendall Jenner, Latto, Dylan Mulvaney, Matt Rife make Forbes 30 Under 30 list
- Christmas 2023 shipping deadlines: What you need to know about USPS, UPS, FedEx times.
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Margot Robbie Proves She's Still in Barbie Mode With Doll-Inspired Look
- Australia apologizes for thalidomide tragedy as some survivors listen in the Parliament gallery
- Judge dismisses liberal watchdog’s claims that Wisconsin impeachment panel violated open meeting law
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Former prison lieutenant sentenced to 3 years after inmate dies during medical crisis
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- In the US, Black survivors are nearly invisible in the Catholic clergy sexual abuse crisis
- India tunnel collapse rescue effort turns to rat miners with 41 workers still stuck after 16 days
- Staff reassigned at Florida school after allegations that transgender student played on girls’ team
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Michigan to join state-level effort to regulate AI political ads as federal legislation pends
- Cardiologist runs half-marathon with runners whose lives he saved a year ago
- Hunter Biden willing to testify before House Oversight Committee in public hearing, lawyer says
Recommendation
The White House is cracking down on overdraft fees
Cleveland Resilience Projects Could Boost Communities’ Access to Water and Green Spaces
How to turn off iPhone's new NameDrop feature, the iOS 17 function authorities are warning about
John Mulaney relates to Matthew Perry's addiction battle: 'I’m thinking about him a lot'
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Pakistan acquits ex-Premier Nawaz Sharif in a graft case. He’s now closer to running in elections
Bobby Petrino returning to Arkansas, this time as offensive coordinator, per report
2023 Books We Love: Staff Picks