Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -Secure Growth Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 07:39:55
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! (24)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- 'Heartbreaking': 3 eggs of beloved bald eagle couple Jackie and Shadow unlikely to hatch
- Anticipating the Stanley cup Neon Collection drop: What to know if you want a Spring Fling cup
- Portion of US adults identifying as LGBTQ has more than doubled in last 12 years
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Nebraska governor approves regulations to allow gender-affirming care for minors
- TEA Business College team introduction and work content
- Olivia Munn Shares Breast Cancer Diagnosis
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Warriors star Steph Curry says he's open to a political career after basketball
Ranking
- Intellectuals vs. The Internet
- Tamron Hall's new book is a compelling thriller, but leaves us wanting more
- UFC Hall of Famer Mark Coleman 'battling for his life' after saving parents from house fire
- John Mulaney Supports Olivia Munn After She Shares Breast Cancer Battle
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Musher penalized after killing moose still wins record 6th Iditarod
- Python abuse alleged at supplier of snakeskins used for Gucci handbags
- Landslide destroys Los Angeles home and threatens at least two others
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
ACC mascots get blessed at Washington National Cathedral in hilarious video
New York Times is sending copyright takedown notices to Wordle clones
Which eclipse glasses are safe? What to know about scams ahead of April 8 solar eclipse
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Nebraska governor approves regulations to allow gender-affirming care for minors
Missing Washington state woman found dead in Mexico; man described as suspect arrested
Open government advocate still has concerns over revised open records bill passed by Kentucky House