Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitEdge
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 11:39:05
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! (87723)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Meta donates $1 million to Trump’s inauguration fund
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Tom Holland's New Venture Revealed
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Tom Holland's New Venture Revealed
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Skins Game to make return to Thanksgiving week with a modern look
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- The Best Stocking Stuffers Under $25
- North Carolina justices rule for restaurants in COVID
- Travis Hunter, the 2
- Average rate on 30
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- The Daily Money: Spending more on holiday travel?
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Skins Game to make return to Thanksgiving week with a modern look
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
In ‘Nickel Boys,’ striving for a new way to see
What do we know about the mysterious drones reported flying over New Jersey?
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Where will Elmo go? HBO moves away from 'Sesame Street'