Current:Home > reviewsToyota 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:2025-04-12 07:24:31
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! (1882)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Chief of Cheer: This company will pay you $2,500 to watch 25 holiday movies in 25 days
- Inflation likely eased last month thanks to cheaper gas but underlying price pressures may stay high
- When a staple becomes a luxury
- Federal hiring is about to get the Trump treatment
- The Supreme Court says it is adopting a code of ethics for the first time
- Why do nurses suffer from burnout? Forced overtime, understaffing and workplace violence.
- Texas A&M needs a Jimbo Fisher replacement. These coaches are the five best options
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Legal action is sought against Arizona breeding company after 260 small animals were fed to reptiles
Ranking
- Trump's 'stop
- Parents of Michigan school shooter will have separate trials, judge says
- Jury in Breonna Taylor federal civil rights trial opens deliberations in case of ex-officer
- Fantasy football winners, losers: WR Noah Brown breaking out in Houston
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Internal documents show the World Health Organization paid sexual abuse victims in Congo $250 each
- 3 murderers freed in Australia after court ruled out holding migrants indefinitely, minister says
- Samuel Haskell, Son of Hollywood Agent, Arrested in Murder Case After Female Torso Is Found Near Dumpster
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Chicago firefighter dies after falling through light shaft while battling blaze
South Korea’s Yoon will warn APEC leaders about the risks of a Russia-North Korea arms deal
White House hoping Biden-Xi meeting brings progress on military communications, fentanyl fight
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Climate change affects your life in 3 big ways, a new report warns
A 5-year-old child is raped. Mormon church stays silent. Then comes the truly shocking part.
RHOSLC's Monica Garcia Fiercely Confronts Mom Linda For Kidnapping Her Car