Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Thrive Capital Insights
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-20 02:10:32
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! (92)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Appeals court orders new trial for man convicted of killing star Minneapolis student athlete
- Melinda French Gates announces $1 billion donation to support women and families, including reproductive rights
- 7 people hospitalized, 1 unaccounted for after building explosion in Youngstown, Ohio
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Melissa Schuman explains Nick Carter duet after alleged rape: What to know about 'Fallen Idols'
- Amtrak changes schedule in the Northeast Corridor due to heat
- What we know about the young missionaries and religious leader killed in Haiti
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Watch Messi, Jimmy Butler in funny 'Bad Boys' movie promo with Will Smith, Martin Lawrence
Ranking
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- The Best Squat-Proof Bike Shorts for Working Out, Wearing Under Dresses & More
- Teen rescued after 400-foot fall down canyon at bridge outside Seattle
- Libertarians choose Chase Oliver as presidential nominee, rejecting Trump, RFK Jr.
- Connie Chiume, South African 'Black Panther' actress, dies at 72
- Ángel Hernández’s retirement gives MLB one less pariah. That's not exactly a good thing.
- The 40 Most Popular Amazon Items E! Readers Bought This Month: Bracelets, Garbage Disposal Cleaner & More
- Prosecutors in Bob Menendez trial can't use evidence they say is critical to case, judge rules
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
A look at Pope Francis’ comments about LGBTQ+ people
Knives Out 3 Cast Revealed: Here's Who Is Joining Daniel Craig in the Netflix Murder Mystery
NFL kicker Brandon McManus sued, accused of sexual assault on 2023 Jaguars flight
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Louisiana authorities search for 2 escaped jail inmates
Rick Carlisle shares story about how Bill Walton secured all-access Grateful Dead passes
Love Island USA Host Ariana Madix Has a Warning for Season 6's Male Contestants