Current:Home > StocksToyota 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 09:16:06
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! (343)
Related
- B.A. Parker is learning the banjo
- Horoscopes Today, May 25, 2024
- What retail stores are open Memorial Day 2024? Hours for Target, Home Depot, IKEA and more
- Nicki Minaj apologizes for postponed concert after incident in Amsterdam
- Buckingham Palace staff under investigation for 'bar brawl'
- Bear shot dead after attacking 15-year-old in Arizona cabin: Not many kids can say they got in a fight with a bear
- See Brad Pitt and Angelina Jolie's Daughter Shiloh Grow Up During Rare Red Carpet Moments
- Latest deadly weather in US kills at least 18 as storms carve path of ruin across multiple states
- 'Most Whopper
- Nicki Minaj briefly arrested, fined at Amsterdam airport after Dutch police say soft drugs found in luggage
Ranking
- Current, future North Carolina governor’s challenge of power
- Josef Newgarden wins Indy 500 for second straight year after epic duel: Full highlights
- Indianapolis 500 weather updates: Start of 2024 race delayed by thunderstorms
- Energy transition: will electric vehicle sales ever catch up? | The Excerpt
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Grayson Murray, two-time PGA tour winner, dies at 30
- Super Bowl champion shares 5 core values for youth athletes regardless of economic status
- Is the stock market open or closed on Memorial Day 2024? See full holiday schedule
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Rematch: Tesla Cybertruck vs. Porsche 911 drag race! (This time it’s not rigged)
Lizzo reacts to 'South Park' joke about her in Ozempic episode: 'My worst fear'
Kourtney Kardashian Reacts to Son Mason Disick Officially Joining Instagram
The Grammy nominee you need to hear: Esperanza Spalding
Ryan Phillippe Shares Hot Throwback Photo With Ex Reese Witherspoon
Mike Tyson Suffers Medical Emergency on Flight to Los Angeles
Farmworkers face high-risk exposures to bird flu, but testing isn’t reaching them