Current:Home > ScamsToyota 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
Burley Garcia View
Date:2025-04-05 12:59:52
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! (5611)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Cher, Mariah Carey, Mary J. Blige top the Rock & Roll Hall of Fame 2024 nominee list
- How much does a Super Bowl commercial cost in 2024? 30-second ad prices through history
- Rush Over to See Jay-Z, Blake Lively and More Stars at Super Bowl 2024
- Former Danish minister for Greenland discusses Trump's push to acquire island
- For Las Vegas, a city accustomed to glitz, Super Bowl brings new kind of star power
- Haley tells Trump to ‘say it to my face’ after he questions her military husband’s whereabouts
- Valerie Bertinelli ditched the scale after being 'considered overweight' at 150 pounds
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Chiefs kicker Harrison Butker steals Super Bowl record away from 49ers kicker Jake Moody
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Trump says he warned NATO ally: Spend more on defense or Russia can ‘do whatever the hell they want’
- Jay-Z, Blue Ivy and Rumi Carter Run This Town in Rare Public Appearance at Super Bowl 2024
- Wall Street marks a milestone as the S&P 500 closes above 5,000 for the first time
- $73.5M beach replenishment project starts in January at Jersey Shore
- Oklahoma judge caught sending texts during a murder trial resigns
- 'NCIS' Season 21: Premiere date, cast, where to watch new episodes
- John Cena appears for Savannah Bananas baseball team with electric entrance
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Kim Kardashian and Odell Beckham Jr. Spotted Together in Las Vegas Before Super Bowl
How many Super Bowls have the 49ers won? All of San Francisco's past victories and appearances
Trump slams Swift, prompting other politicians to come out as Swifties
Retirement planning: 3 crucial moves everyone should make before 2025
Luke Combs pays tribute to Tracy Chapman after 'Fast Car' duet at the 2024 Grammy Awards
John Cena appears for Savannah Bananas baseball team with electric entrance
Nigeria vs. Ivory Coast AFCON Cup of Nations final: Live stream, time, how to watch in US