Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Elevate Profit Vision
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Benjamin Ashford View
Date:2025-04-07 07:18:04
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! (5534)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- The Cozy Relationship Between Boeing and the Federal Government
- Grading Pascal Siakam trade to Pacers. How Raptors, Pelicans also made out
- Judge warns Trump he could be barred from E. Jean Carroll trial
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- A Common Fishing Practice Called Bottom Trawling Releases Significant Amounts of CO2 Into Earth’s Atmosphere
- Miami tight end Cam McCormick granted ninth season of playing college football
- Grading Pascal Siakam trade to Pacers. How Raptors, Pelicans also made out
- Buckingham Palace staff under investigation for 'bar brawl'
- Over 580,000 beds are under recall because they can break or collapse during use
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Former Army captain charged with fatally shooting two neighbors, dog in North Carolina
- 4 plead guilty in Illinois girl's murder-for-hire plot that killed her mother and wounded her father
- NFL divisional round playoff odds: Moneylines, point spreads, over/under
- The Best Stocking Stuffers Under $25
- Mexico and Chile ask International Criminal Court to investigate possible crimes in Gaza
- Prominent NYC art dealer Brent Sikkema stabbed to death in Brazil; alleged killer arrested at gas station
- Meet Retro — the first rhesus monkey cloned using a new scientific method
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Mississippi legislators consider incentives for a factory that would make EV batteries
Powerball winning numbers for for Jan. 17 drawing, as jackpot grows to $102 million
Belarus rights group calls on UN to push for proper treatment of cancer-stricken opposition prisoner
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
3 people killed and baby injured in Portland, Oregon, when power line falls on car during storm
Fundraising off to slow start in fight over Missouri abortion amendment
Florida Board of Education bans DEI on college campuses, removes sociology core course