Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WorldMoney
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 09:17:13
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! (6)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Horoscopes Today, April 22, 2024
- Candace Cameron Bure Reveals How She “Almost Died” on Set of Fuller House Series
- Jury deliberating in Iraq Abu Ghraib prison abuse civil case; contractor casts blame on Army
- Louvre will undergo expansion and restoration project, Macron says
- Amanda Bynes Shares How She’s Trying to Win Back Her Ex
- EPA Faulted for Wasting Millions, Failing to Prevent Spread of Superfund Site Contamination
- ‘Catch-and-kill’ to be described to jurors as testimony resumes in hush money trial of Donald Trump
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- The body recovered of 1 of 2 men who vanished last week after kayaks capsized in Indianapolis
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Internet providers roll out broadband nutrition labels for consumers
- 'Extreme caution': Cass Review raises red flags on gender-affirming care for trans kids
- Earth Day: Our Favorite Sustainable Brands That Make a Difference
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- One dead, 7 missing after 2 Japanese navy choppers crash in Pacific
- Iowa lawmakers address immigration, religious freedom and taxes in 2024 session
- Why Anne Hathaway Says Kissing Actors in Chemistry Tests Was So Gross
Recommendation
Tom Holland's New Venture Revealed
Aid for Ukraine, Israel and Taiwan heads to the Senate for final approval after months of delay
When red-hot isn’t enough: New government heat risk tool sets magenta as most dangerous level
Here's how to track the status of your 2024 tax refund
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
What happened to Kid Cudi? Coachella set ends abruptly after broken foot
2 hunters may have died of prion disease from eating contaminated deer meat, researchers say
Dramatic dashcam video shows good Samaritans rush to pull man from burning car