Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetLink
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 20:22:45
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! (5869)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Horoscopes Today, December 9, 2023
- Teachers have been outed for moonlighting in adult content. Do they have legal recourse?
- Derek Chauvin's stabbing highlights security issues in federal prisons, experts say
- The Best Stocking Stuffers Under $25
- Rare Raymond Chandler poem is a tribute to his late wife, with a surprising twist
- Mark Ruffalo on his 'Poor Things' sex scenes, Oscar talk and the villain that got away
- Former Titans TE Frank Wycheck, key cog in 'Music City Miracle,' dies after fall at home
- The Best Stocking Stuffers Under $25
- Kate Cox can't get abortion for now, Texas Supreme Court court says, halting judge's OK
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Another Chinese spy balloon? Taiwan says it's spotted one flying over the region
- 3 coffee table books featuring gardens recall the beauty in our endangered world
- Golden Globes 2024: The Nominations Are Finally Here
- 'Most Whopper
- Taylor Swift and Travis Kelce's Love Story Continues at Latest Chiefs Game
- It’s a tough week for Rishi Sunak. He faces grilling on COVID decisions and revolt over Rwanda plan
- AP PHOTOS: On Antarctica’s ice and in its seas, penguins in a warming world
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
A rare earthquake rattled Nebraska. What made it an 'unusual one'?
Another Chinese spy balloon? Taiwan says it's spotted one flying over the region
'The Zone of Interest' named best film of 2023 by Los Angeles Film Critics Association
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
A day of 2 prime ministers in Poland begins the delayed transition to a centrist, pro-EU government
Is Kyle Richards Getting Mauricio Umansky a Christmas Gift Amid Separation? She Says...
Joe Flacco named Browns starting quarterback for rest of season after beating Jaguars