Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthGrow Network
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 15:05:00
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! (8)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Princess Kate, King Charles have cancer: A timeline of the royal family's biggest moments
- The Highs and Lows of Oprah Winfrey's 50-Year Weight Loss Journey
- Kansas started at No. 1 and finished March Madness with a second-round loss. What went wrong?
- Global Warming Set the Stage for Los Angeles Fires
- March Madness games today: Everything to know about NCAA Tournament schedule Saturday
- Georgia running back Trevor Etienne arrested on DUI and reckless driving charges
- Riley Strain: Timeline from student's disappearance until his body was found in Nashville
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- If LSU keeps playing like this, the Tigers will be toast, not a title team
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- The top zip codes, zodiac signs and games for Texas lottery winners
- Pawn shops know something about the US economy that Biden doesn't: Times are still tough
- Former gaming executive sentenced to death in poisoning of billionaire Netflix producer in China
- Questlove charts 50 years of SNL musical hits (and misses)
- What NIT games are on today? Ohio State, Seton Hall looking to advance to semifinals
- This $11 Eyeshadow Stick is So Good, Shoppers Say They're Throwing Out All Their Other Eyeshadows
- King Charles, relatives and leaders express support for Princess Kate after cancer diagnosis
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
March Madness winners and losers: Pac-12 riding high after perfect first round
Former GOP Virginia lawmaker, Matt Fariss arrested again; faces felony gun and drug charges
Barn collapse kills 1 man, injures another in southern Illinois
Travis Hunter, the 2
King Charles, relatives and leaders express support for Princess Kate after cancer diagnosis
2024 Ford Ranger Raptor flexes its off-road muscles in first-drive review
Patrick Mahomes and Brittany Mahomes Bring Their Kids to Meet Bluey in Adorable Photo