Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Elevate Capital Network
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-26 12:34:59
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! (6342)
Related
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- Hand, foot, and mouth disease can be painful and inconvenient. Here's what it is.
- Why Oscars Host Jimmy Kimmel Thinks Jo Koy Should Get a Golden Globes Do-Over
- Workers asked about pay. Then reprisals allegedly began, with a pig's head left at a workstation.
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- 5 Most Searched Retinol Questions Answered by a Dermatologist
- Dodgers provide preview of next decade as Shohei Ohtani, Yoshinobu Yamamoto play together
- Iditarod musher Dallas Seavey penalized for not properly gutting moose that he killed to protect his dogs
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Inter Miami vs. Nashville SC in Champions Cup: Will Messi play? Live updates, how to watch.
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- New Jersey sees spike in incidents of bias in 2023
- Apple releases iOS 17.4 update for iPhone: New emoji, other top features
- That's just 'Psycho,' Oscars: These 10 classic movies didn't win a single Academy Award
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Behind the scenes at the Oscars: What really happens on Hollywood's biggest night
- 'Survivor' season 46: Who was voted off and why was there a Taylor Swift, Metallica battle
- Powerball winning numbers for March 6, 2024 drawing: Jackpot rises to $521 million
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Massachusetts bill aims to make child care more accessible and affordable
Watch kids' cute reaction after deployed dad sneaks into family photo to surprise them
Why Oscars Host Jimmy Kimmel Thinks Jo Koy Should Get a Golden Globes Do-Over
Chief beer officer for Yard House: A side gig that comes with a daily swig.
What was the average 401(k) match in 2023?
Jake Paul fight against Mike Tyson is announced for July 20 and will be streamed live on Netflix
2024 outfield rankings: Ronald Acuña isn't the only one with elite all-around skills