Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -GrowthProspect
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Oliver James Montgomery View
Date:2025-04-07 04:50:15
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! (53593)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- First U.S. Nuclear Power Closures in 15 Years Signal Wider Problems for Industry
- We asked, you answered: What's your secret to staying optimistic in gloomy times?
- These $26 Amazon Flats Come in 31 Colors & Have 3,700+ Five-Star Reviews
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Timeline: The Justice Department's prosecution of the Trump documents case
- Google, Amazon, Microsoft, Meta other tech firms agree to AI safeguards set by White House
- Her job is to care for survivors of sexual assault. Why aren't there more like her?
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Court Orders New Climate Impact Analysis for 4 Gigantic Coal Leases
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- These states are narrowly defining who is 'female' and 'male' in law
- MLB trade deadline tracker: Will Angels deal Shohei Ohtani?
- Critically endangered twin cotton-top tamarin monkeys the size of chicken eggs born at Disney World
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Jason Sudeikis Has a Slam Dunk Father-Son Night Out With His and Olivia Wilde's 9-Year-Old Otis
- Pro-DeSantis PAC airs new ad focused on fight with Disney, woke culture
- Dr. Dre to receive inaugural Hip-Hop Icon Award from music licensing group ASCAP
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Father's Day 2023 Gift Guide: The 11 Must-Haves for Every Kind of Dad
American Idol’s Just Sam Is Singing at Subway Stations Again 3 Years After Winning Show
How do you get equal health care for all? A huge new database holds clues
B.A. Parker is learning the banjo
Prince Harry and Meghan Markle's Rep Slams Abhorrent Allegations About Car Chase Being a PR Stunt
Wind Industry, Riding Tax-Credit Rollercoaster, Reports Year of Growth
7-year-old accidentally shoots and kills 5-year-old in Kentucky