Current:Home > MarketsToyota 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 20:23:07
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! (37749)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- How Ariana Grande Channeled Wizard of Oz's Dorothy at Wicked's Los Angeles Premiere
- Police arrest a man after 9 people are stabbed over a day-and-a-half in Seattle
- Parked vehicle with gas cylinders explodes on NYC street, damaging homes and cars, officials say
- Travis Hunter, the 2
- How Kristin Chenoweth Encouraged Ariana Grade to Make Wicked Her Own
- Vanderbilt QB Diego Pavia sues NCAA over eligibility limits for former JUCO players
- LGBTQ+ hotlines experience influx in crisis calls amid 2024 presidential election
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Cowboys' Micah Parsons poised to make his return vs. Eagles in Week 10
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Pretty Little Liars' Brant Daugherty Reveals Which NSFW Movie He Hopes His Kids Don't See
- Oregon allegedly threatened to cancel season if beach volleyball players complained
- Women win majority of seats in New Mexico Legislature in showcase of determination and joy
- Trump invites nearly all federal workers to quit now, get paid through September
- How many points did Cooper Flagg score tonight? Freshman gets double-double despite cramps
- Judge says New York can’t use ‘antiquated, unconstitutional’ law to block migrant buses from Texas
- Zach Bryan Hits the Road After Ex Brianna Chickenfry LaPaglia's Emotional Abuse Allegations
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Kate Middleton Makes Rare Appearance With Royal Family at Festival of Remembrance
Arizona regulators fine natural gas utility $2 million over defective piping
Florida’s abortion vote and why some women feel seen: ‘Even when we win, we lose’
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
'Outer Banks' Season 5: Here's what we know so far about Netflix series' final season
Police arrest a man after 9 people are stabbed over a day-and-a-half in Seattle
Winnipeg Jets improve to 14-1, setting record for best NHL start