Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeBridge
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 04:27:41
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! (62382)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Machine Gun Kelly Shares His Dad Stood Trial at Age 9 for His Own Father's Murder
- The Secret Lives of Mormon Wives Cast: Meet the #MomTok Influencers Rocked by Sex Scandal
- Horoscopes Today, August 13, 2024
- Why members of two of EPA's influential science advisory committees were let go
- A proposed amendment lacks 1 word that could drive voter turnout: ‘abortion’
- How Wharton and Other Top Business Schools Are Training MBAs for the Climate Economy
- Vince Vaughn, ‘Ted Lasso’ co-creator Bill Lawrence bring good fun to Carl Hiaasen’s ‘Bad Monkey’
- New data highlights 'achievement gap' for students in the US
- US Army soldier pleads guilty to selling sensitive military information
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- US Army soldier pleads guilty to selling sensitive military information
- 2nd woman sentenced in straw purchase of gun used to kill Illinois officer and wound another
- Houston prosecutors find no evidence of efforts to sway 2022 elections but charge a county worker
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Affordable 2025 Kia K4 Sedan Coming Soon; Hatch to Follow
- Flavor Flav offers Jordan Chiles bronze clock after medal controversy
- Replacing a championship coach is hard. But Sherrone Moore has to clean up Jim Harbaugh's mess, too.
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
As 'Golden Bachelorette' premiere nears, 'Hot Dad' Mark Anderson is already a main man
A proposed amendment lacks 1 word that could drive voter turnout: ‘abortion’
Idaho farmer goes viral after trading in his F-250 for a Cybertruck: 'It’s really fast'
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Donald Trump is going to North Carolina for an economic speech. Can he stick to a clear message?
Paige DeSorbo Reveals if Craig Conover, Kyle Cooke Feud Has Affected Her Summer House Friendships
Former Kansas police chief who raided newspaper charged with felony. Here's what to know.