Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -EliteFunds
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 20:03:14
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! (2787)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Angus Cloud’s Your Lucky Day Family Reflects on His “Calming Presence” 3 Months After His Death
- The 2024 Grammy Award nominations are about to arrive. Here’s what to know
- Blinken says ‘far too many’ Palestinians have died as Israel wages relentless war on Hamas
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Barbra Streisand on her long-awaited memoir
- Wildlife refuge pond in Hawaii mysteriously turns bright pink. Drought may be to blame
- Texas judge rules against GOP lawsuit seeking to toss 2022 election result in Houston area
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Tuohy Family Reveals How Much Michael Oher Was Paid for The Blind Side
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Baby shark born to single mother – without a father – after apparent parthenogenesis
- Alaska judge upholds Biden administration’s approval of the massive Willow oil-drilling project
- Jillian Ludwig, college student hit by stray bullet in Nashville, has died
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Fran Drescher tells NPR the breakthrough moment that ended the Hollywood strikes
- Poland’s opposition party leaders sign a coalition deal after collectively winning election
- California man who’s spent 25 years in prison for murder he didn’t commit has conviction overturned
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Home and Away Actor Johnny Ruffo Dead at 35
Virginia school system says ongoing claim of sex assaults on school grounds was fabricated
Former Michigan priest sentenced to year in jail after pleading guilty to sexually abusing altar boy
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Bachelor Nation's Rachel Lindsay Details Family Plans and Journey With Husband Bryan Abasolo
'The Holdovers' with Paul Giamatti shows the 'dark side' of Christmas
It's time to get realistic about cleaning up piles of trash from the ocean, study argues