Current:Home > MarketsToyota 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
Indexbit View
Date:2025-04-10 21:15:10
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! (1518)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Teen Mom Star Amber Portwood Tearfully Breaks Silence on Fiancé Gary Wayt’s Disappearance
- Anthony Michael Hall is loving 'Ms. Rachel,' cites this John Hughes movie as his favorite
- U.S. lifts weapons and training ban on Ukraine's Azov Brigade
- Federal hiring is about to get the Trump treatment
- 11 players you need to know for Euro 2024, from Mbappé to Kvaratskhelia
- Photos show Russian submarine, ships arrive in Cuba ahead of Caribbean military exercises
- Andy Cohen Addresses Ongoing Feud With This Real Housewives Alum
- Grammy nominee Teddy Swims on love, growth and embracing change
- These cities have the most millionaires and billionaires in the US: See the map
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Jonathan Groff on inspiring revival of Merrily We Roll Along after initial Broadway flop 40 years ago
- Southern Baptists condemn use of IVF in high-profile debate over reproductive rights
- NC Senate threatens to end budget talks over spending dispute with House
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Southern Mississippi Football Player Marcus MJ Daniels Jr. Dead at 21 After Shooting
- New Jersey’s top federal prosecutor testifies for government in Sen. Bob Menendez prosecution
- Nicola Coughlan Is a Blushing Bride at Bridgerton Red Carpet in London
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Gypsy Rose Blanchard Gets Candid About How She Experimented With Her Sexuality in Prison
Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain
Catherine Laga'aia cast as lead in live-action 'Moana': 'I'm really excited'
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
India fans flood New York cricket stadium for T20 match vs. USA - but some have mixed allegiances
Poll analysis: Do Trump and Biden have the mental and cognitive health to serve as president?
Expedition searching for world's most endangered marine mammal reports dwindling population