Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Empowerment Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 07:41:32
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! (72)
Related
- Oklahoma parole board recommends governor spare the life of man on death row
- 6-year-old dies after accidentally shot in head by another child, Florida police say
- ‘Wounded Indian’ sculpture given in 1800s to group founded by Paul Revere is returning to Boston
- Michigan State University workers stumble across buried, 142-year-old campus observatory
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- California judge charged in wife’s murder expected to appear in Los Angeles court
- Testimony from Sam Bankman-Fried’s trusted inner circle will be used to convict him, prosecutors say
- Spain vs. Sweden: Time, odds, how to watch and live stream 2023 World Cup semifinal
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- Why Rachel Bilson’s 8-Year-Old Daughter Has Bad Blood After Leaving Taylor Swift Concert Early
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Alex Collins, former NFL running back and Arkansas standout, dies at 28
- Utah man accused of selling silver product as COVID-19 cure arrested after 3-year search
- Trump arraignment on Georgia charges will be in a court that allows cameras — unlike his other 3 indictments
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- These 7 Las Vegas resorts had bedbugs over the last 18 months
- Small Minnesota town will be without police after chief and officers resign, citing low pay
- Luke Bryan cancels his Mississippi concert: What we know about his illness
Recommendation
NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
American Horror Story: Delicate Part One Premiere Date Revealed
Thinking of consignment selling? Here's how to maximize your time and money.
Read the full text of the Georgia Trump indictment document to learn more about the charges and co-conspirators
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
The problem with treating Bama Rush TikTokers like famous reality stars
The hip-hop verse that changed my life
Angelina Jolie Hires Teen Daughter Vivienne Jolie-Pitt as Her Assistant on Broadway