Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealthify
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 01:33:52
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! (693)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- How the Hunger Games Prequel Costumes Connect to Katniss Everdeen
- 2 bodies found in Vermont were missing Massachusetts men and were shot in the head, police say
- A new cure for sickle cell disease may be coming. Health advisers will review it next week
- Retirement planning: 3 crucial moves everyone should make before 2025
- Model Maleesa Mooney Was Found Dead Inside Her Refrigerator
- Shein has catapulted to the top of fast fashion -- but not without controversy
- Antarctica is melting and we all need to adapt, a trio of climate analyses show
- Louvre will undergo expansion and restoration project, Macron says
- Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Jazz legend Louis Armstrong's connection to Queens on full display at house museum in Corona
- 3-toed dinosaur footprints found on U.K. beach during flooding checks
- Researchers find signs of rivers on Mars, a potential indicator of ancient life
- The Super Bowl could end in a 'three
- Senate energy panel leaders from both parties press for Gulf oil lease sale to go on, despite ruling
- $6,000 reward offered for information about a black bear shot in rural West Feliciana Parish
- Why Costume Designer Jacqueline Durran Says You Don't Need to Wear Pink to Be Barbie for Halloween
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
How law enforcement solved the case of a killer dressed as a clown
People are protesting for Palestinians, Israel on Roblox. But catharsis comes at a price.
Hundreds of mourners lay flowers at late Premier’s Li Keqiang’s childhood residence in eastern China
Meta donates $1 million to Trump’s inauguration fund
Britney Spears memoir listeners say Michelle Williams' narration is hilarious, Grammy worthy
US expands its effort to cut off funding for Hamas
Is ConocoPhillips Looking to Expand its Controversial Arctic Oil Project?