Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Profound Wealth Insights
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 06:22:31
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! (856)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Lawsuit settled: 2 top US gun parts makers agree to temporarily halt sales in Philadelphia
- O.J. Simpson Trial Prosecutor Marcia Clark Reacts to Former NFL Star's Death
- Disney lets Deadpool drop f-bombs, debuts new 'Captain America' first look at CinemaCon
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Man accused of lighting fire outside Bernie Sanders’ office had past brushes with the law
- Thirteen men plead not guilty for role in Brooklyn synagogue tunnel scuffle
- Legendary athlete, actor and millionaire: O.J. Simpson’s murder trial lost him the American dream
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- New York officials approve $780M soccer stadium for NYCFC to be built next to Mets’ home
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Tennessee lawmakers send bill to ban first-cousin marriages to governor
- Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan
- School grants, student pronouns and library books among the big bills of Idaho legislative session
- The Super Bowl could end in a 'three
- Rhode Island transit chief resigns after he’s accused in a hit-and-run at a McDonald’s drive-thru
- The OJ Simpson saga was a unique American moment. 3 decades on, we’re still wondering what it means
- Houston police reviewing if DNA tests could have helped in thousands of dropped cases
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
OJ Simpson's Bronco chase riveted America. The memory is haunting, even after his death.
Man once known as Alabama’s longest-serving sheriff granted parole from prison sentence
TikToker Nara Smith Gives Birth, Welcomes Baby No. 3 With Husband Lucky Blue Smith
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Judge dismisses lawsuits filed against rapper Drake over deadly Astroworld concert
Mama June Shares Why Late Daughter Anna “Chickadee” Cardwell Stopped Cancer Treatments
O.J. Simpson dies of prostate cancer at 76, his family announces