Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -AdvancementTrade
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Burley Garcia View
Date:2025-04-07 07:29:13
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! (92899)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- South Africa water crisis sees taps run dry across Johannesburg
- Republican Mike Boudreaux advances to special election to complete term of ousted Speaker McCarthy
- Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Princess Kate diagnosed with cancer; King Charles III, Harry and Meghan react: Live updates
- Sweet Reads sells beloved books and nostalgic candy in Minnesota
- Kate Middleton Diagnosed With Cancer: Revisiting Her Health Journey
- Nevada attorney general revives 2020 fake electors case
- 2 Black officers allege discrimination at police department
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Recent assaults, attempted attacks against Congress and staffers raise concerns
- Interim leader of Alcorn State is named school’s new president
- Another March Madness disappointment means it's time for Kentucky and John Calipari to part
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Princess Kate cancer diagnosis: Read her full statement to the public
- Q&A: Extreme Heat, Severe Storms Among Key Climate Challenges for Maryland’s New Chief Resilience Officer
- Republican Mike Boudreaux advances to special election to complete term of ousted Speaker McCarthy
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
2 Black officers allege discrimination at police department
Airport exec dies after shootout with feds at Arkansas home; affidavit alleges illegal gun sales
Kate Middleton Breaks Silence on Health Journey to Share Cancer Diagnosis
The Best Stocking Stuffers Under $25
Kate Middleton Breaks Silence on Health Journey to Share Cancer Diagnosis
Plan to recover holy grail of shipwrecks holding billions of dollars in treasure is approved over 3 centuries after ship sank
Iceland's latest volcanic eruption will have an impact as far as Russia