Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitZone
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 18:15:28
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! (47)
Related
- Bodycam footage shows high
- NASA discovers potentially habitable exoplanet 40 light years from Earth
- Reese Witherspoon Cries “Tears of Joy” After “Incredible” Niece Abby’s High School Graduation
- Ryan Phillippe gives shout-out to ex-wife Reese Witherspoon in throwback photo: 'We were hot'
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Jurors hear about Karen Read’s blood alcohol level as murder trial enters fifth week
- Texas’ first-ever statewide flood plan estimates 5 million live or work in flood-prone areas
- Richard Dreyfuss accused of going on 'offensive' rant during 'Jaws' screening: 'Disgusting'
- Why members of two of EPA's influential science advisory committees were let go
- Evaluation requested for suspect charged in stabbings at Massachusetts movie theater, McDonald’s
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- British equestrian rider Georgie Campbell dies from fall while competing at event in U.K.
- Texas power outage map: Over 800,000 outages reported after storms, with more on the way
- Billionaire plans to take submersible to Titanic nearly one year after OceanGate implosion
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Body found after person went missing trying to swim from Virginia to Maryland, officials say
- 'General Hospital' star Johnny Wactor's ex tells killer 'you shot the wrong guy' in emotional video
- Richard Dreyfuss accused of going on 'offensive' rant during 'Jaws' screening: 'Disgusting'
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
A `gustnado’ churns across a Michigan lake. Experts say these small whirlwinds rarely cause damage
Ohio Billionaire Larry Connor Plans to Take Sub to Titanic Site After OceanGate Implosion
Stars' Jason Robertson breaks slump with Game 3 hat trick in win against Oilers
Senate begins final push to expand Social Security benefits for millions of people
Horoscopes Today, May 26, 2024
Tom Selleck, Brittney Griner, RuPaul and more top celebrity memoirs of 2024
Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street