Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Elevate Profit Vision
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 05:28:21
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! (43232)
Related
- All That You Wanted to Know About She’s All That
- Israeli survivor of Hamas attack on Supernova music festival recalls being shot and thinking, I'm gonna die
- Hamas’ unprecedented attack on Israel raises questions about the influence of its sponsor, Iran
- Biden remains committed to two-state solution amid Israel-Hamas war, national security spokesman says
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Argentina’s populist presidential candidate Javier Milei faces criticism as the peso takes a dive
- Brendan Malone, former Detroit ‘Bad Boys’ assistant and father of Nuggets coach, dies at 81
- China touts its Belt and Road infrastructure lending as an alternative for international development
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Fiery crash during prestigious ballooning race leaves 2 Polish pilots with burns and other injuries
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Man arrested for throwing rocks at Illinois governor’s Chicago home, breaking 3 windows, police say
- NY congressman says he would support bill linking Ukraine and Israel aid
- Scrutiny of Arkansas governor’s $19,000 lectern deepens after new records are released
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Amazon October Prime Day 2023 Alternatives: Shop Pottery Barn, Wayfair & More Sales
- Nebraska voters will decide at the ballot box whether public money can go to private school tuition
- Starbucks releases PSL varsity jackets, tattoos and Spotify playlist for 20th anniversary
Recommendation
Travis Hunter, the 2
Biden to condemn Hamas brutality in attack on Israel and call out rape and torture by militants
‘Document dump’ by Flint water prosecutors leads to contempt finding
Black man was not a threat to Tacoma police charged in his restraint death, eyewitness says at trial
Trump issues order to ban transgender troops from serving openly in the military
Powerball $1.4 billion jackpot made an Iowa resident a multi millionaire
Guns N' Roses forced to relocate Phoenix concert after stadium team make baseball playoffs
Sydney Sweeney, Alix Earle & More Stars Love This Laneige Lip Mask That's on Sale for Amazon Prime Day