Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -AdvancementTrade
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-24 07:02:00
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! (522)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Hurry! J.Crew Factory Extended Their Extra 70% off Select Styles Sale – Deals Start at $6
- Dalton Gomez, Ariana Grande's ex-husband, goes Instagram official with Maika Monroe
- Maren Morris Shares She’s Bisexual in Pride Month Message
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Buc-ee's opens doors to largest store in Texas: See photos of Luling outlet
- When students graduate debt-free
- Wyoming pass landslide brings mountain-sized headache to commuting tourist town workers
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- How to watch the 2024 US Open golf championship from Pinehurst
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- YouTuber Myka Stauffer Said Her Child Was Not Returnable Before Rehoming Controversy
- 5-foot boa constrictor captured trying to enter Manhattan apartment
- Dining out less but wearing more jewelry: How inflation is changing the way shoppers spend
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- The Daily Money: Are you guilty of financial infidelity?
- Dick Van Dyke Reveals His Secrets to Staying Fit at 98
- Who was the first man on the moon? Inside the historic landing over 50 years ago.
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Authorities say a person died after a shooting involving an officer at a North Carolina hospital
Jon Gosselin Shares Beach Day Body Transformation Amid Weight-Loss Journey
Here's where the economy stands as the Fed makes its interest rate decision this week
Former Danish minister for Greenland discusses Trump's push to acquire island
Ariana Grande's Ex Dalton Gomez Goes Instagram Official With Girlfriend Maika Monroe
Sen. John Fetterman was treated for a bruised shoulder after a weekend car accident
How to watch the 2024 US Open golf championship from Pinehurst