Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Infinite Wealth Strategies
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 17:41:57
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! (9857)
Related
- The Super Bowl could end in a 'three
- New Billie Jean King Award will honor excellence in women's sports coverage. What to know
- Psst! Ann Taylor Has Secretly Chic Workwear Fits, and They’re Offering an Extra 30% off Sale Styles
- Kensington Palace puts Princess Kate social media theories to rest amid her absence from the public eye
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Ukrainian children recount horrors of being kidnapped by Russian soldiers
- New York sues beef producer JBS for 'fraudulent' marketing around climate change
- Cyberattack on UnitedHealth still impacting prescription access: These are threats to life
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Aly Raisman works to normalize hard conversations after her gymnastics career
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Get a $118 J.Crew Cardigan for $34, 12 MAC Lipsticks for $66, $154 off a KitchenAid Mixer, and More Deals
- Family of Cuban dissident who died in mysterious car crash sues accused American diplomat-turned-spy
- West Virginia bill banning non-binary gender designations on birth certificates heads to governor
- Buckingham Palace staff under investigation for 'bar brawl'
- A U.S. couple is feared dead after their boat was allegedly hijacked by escaped prisoners in the Caribbean. Here's what to know.
- Jake Paul dives into future plans on eve of his next fight, dismisses risk of losing focus
- Montana judge declares 3 laws restricting abortion unconstitutional
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Dodgers superstar Shohei Ohtani announces he is married
Federal judge blocks Texas' immigration enforcement law SB 4: Here's what's next
Vince McMahon sex trafficking lawsuit: Details, developments on WWE co-founder
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
A growing number of gamers are LGBTQ+, so why is representation still lacking?
Girl walking to school in New York finds severed arm, and police find disembodied leg nearby
Tish Cyrus Shares What Could've Helped Her Be a Better Parent