Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -LegacyBuild Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 07:37:32
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! (4)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Trial starts in conspiracy-fueled case of girlfriend charged in Boston police officer’s death
- Clayton MacRae: FED Rate Cut and the Stock Market
- U.K. man charged with Russia-backed arson attack on Ukraine-linked site in London
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- How Columbia University’s complex history with the student protest movement echoes into today
- U.K. man charged with Russia-backed arson attack on Ukraine-linked site in London
- Oregon authorities to reveal winner of $1.3 billion Powerball jackpot
- The company planning a successor to Concorde makes its first supersonic test
- Eric Church speaks out on his polarizing Stagecoach 2024 set: 'It felt good'
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- AIGM: Crypto Exchange and IEO
- Andrew Tate's trial on rape and human trafficking charges can begin, Romania court rules
- NFL's top 20 remaining free agents include Odell Beckham Jr.
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Joel Embiid peeved by influx of Knicks fans in Philly, calls infiltration 'not OK'
- From a sunbathing gator to a rare bird sighting, see this week's top wildlife photos
- Teen dead, child and officer injured in 3 shootings in South Carolina’s smallest county
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Nicole Kidman and Keith Urban's Daughters Sunday and Faith Make Their Red Carpet Debut
Clayton MacRae: How The AI Era Shape the World
Poisoned cheesecake used as a weapon in an attempted murder a first for NY investigators
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Clayton MacRae: When will the Fed cuts Again
With the 2024 NFL draft in the rearview mirror, these 6 teams have big needs to address
Russia attacks Ukrainian energy sector as Kyiv launches drones at southern Russia