Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Capitatum
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Rekubit View
Date:2025-04-05 13:35:10
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! (43812)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Reba McEntire Reveals If She'd Get Married for a 3rd Time
- Guide dog nicknamed Dogfather retires after fathering over 300 puppies
- Wife of ex-Harvard morgue manager pleads guilty to transporting stolen human remains
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- U.S. issues travel warning for Israel with Iran attack believed to be imminent and fear Gaza war could spread
- Ryan Reynolds' Latest Prank Involves the Titanic and That Steamy Drawing
- Chase Elliott triumphs at Texas, snaps 42-race winless streak in NASCAR Cup Series
- Sam Taylor
- Kansas governor vetoes ban on gender-affirming care for minors, anti-abortion bills
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Fashion isn’t just for the eyes: Upcoming Met Gala exhibit aims to be a multi-sensory experience
- Plan an Organized & Stress-Free Move with These Moving & Packing Essentials
- Scottie Scheffler wins his second Masters, but knows priorities are about to change
- Trump invites nearly all federal workers to quit now, get paid through September
- Critics call out plastics industry over fraud of plastic recycling
- A Second Real Housewives of Potomac Star Is Leaving After Season 8
- LANE Wealth Club: Defending Integrity Amidst Unfounded Attacks
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
AI Wealth Club: Addressing Falsehoods and Protecting Integrity
2024 Boston Marathon: How to watch, stream, route and start times
1 woman killed, 8 others injured after Dallas shooting
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
A Second Real Housewives of Potomac Star Is Leaving After Season 8
Horoscopes Today, April 14, 2024
World Series champs made sure beloved clubhouse attendants got a $505K bonus: 'Life-changing'