Current:Home > MarketsToyota 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:2025-04-19 02:27:48
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! (52817)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- What a judge’s gag order on Trump means in his hush money case
- It's tick season: What types live in your area and how to keep them under control
- Former security guard convicted of killing unarmed man during an argument at a Memphis gas station
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- All of These Stylish Finds From Madewell's Sale Section Are Under $30, Save Up to 77%
- What a judge’s gag order on Trump means in his hush money case
- How Author Rebecca Serle’s Journey to Find Love Inspired Expiration Dates
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- China launches lunar probe in first-of-its-kind mission to get samples from far side of the moon as space race with U.S. ramps up
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Colorado dentist accused of killing wife with poison tried to plant letters to make it look like she was suicidal, police say
- Caitlin Clark, Angel Reese make pro debuts as WNBA preseason begins
- AP Was There: Ohio National Guard killed protesters at Kent State University
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Pro-Palestinian protesters at USC comply with school order to leave their encampment
- CBS News Sunday Morning gets an exclusive look inside the making of singer Randy Travis' new AI-created song
- Who's hosting 'SNL' tonight? Cast, musical guest, where to watch May 4 episode
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Megan Fox Ditches Jedi-Inspired Look to Debut Bangin' New Hair Transformation
‘Reprehensible and dangerous’: Jewish groups slam Northwestern University for deal with activists
What a judge’s gag order on Trump means in his hush money case
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Still no deal in truce talks as Israel downplays chances of ending war with Hamas
Marc Summers delves into career and life struggles in one-man play, The Life and Slimes of Marc Summers
Israel orders Al Jazeera to close its local operation and seizes some of its equipment