Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Zenith Money Vision
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 16:22:14
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! (8)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Florida Man Arrested for Cold Case Double Murder Almost 50 Years Later
- US wholesale inflation picks up slightly in sign that some price pressures remain elevated
- Outgoing North Carolina governor grants 2 pardons, 6 commutations
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Jake Paul's only loss led him to retool the team preparing him to face Mike Tyson
- 'Survivor' 47, Episode 9: Jeff Probst gave players another shocking twist. Who went home?
- Giuliani’s lawyers after $148M defamation judgment seek to withdraw from his case
- Don't let hackers fool you with a 'scam
- More human remains from Philadelphia’s 1985 MOVE bombing have been found at a museum
Ranking
- B.A. Parker is learning the banjo
- College football Week 12 expert picks for every Top 25 game include SEC showdowns
- Quincy Jones' cause of death revealed: Reports
- In bizarro world, Tennessee plays better defense, and Georgia's Kirby Smart comes unglued
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- 32-year-old Maryland woman dies after golf cart accident
- Cruel Intentions' Brooke Lena Johnson Teases the Biggest Differences Between the Show and the 1999 Film
- Today's Craig Melvin Replacing Hoda Kotb: Everything to Know About the Beloved Anchor
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Demure? Brain rot? Oxford announces shortlist for 2024 Word of the Year: Cast your vote
KFC sues Church's Chicken over 'original recipe' fried chicken branding
Kyle Richards Swears This Holiday Candle Is the Best Scent Ever and She Uses It All Year
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Mechanic dies after being 'trapped' under Amazon delivery van at Florida-based center
Jennifer Hudson, Kylie Minogue and Billy Porter to perform at Macy’s Thanksgiving Parade
Halle Berry surprises crowd in iconic 2002 Elie Saab gown from her historic Oscar win