Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthMap Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-28 10:57:29
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! (31)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Ohio groups submit 710,131 signatures to put abortion rights amendment on November ballot
- Scandoval Shocker: The Real Timeline of Tom Sandoval & Raquel Leviss' Affair
- ‘We Will Be Waiting’: Tribe Says Keystone XL Construction Is Not Welcome
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Covid-19 and Climate Change Threats Compound in Minority Communities
- A $20 Uniqlo Shoulder Bag Has Gone Viral on TikTok: Here’s Why It Exceeds the Hype
- OceanGate suspends all exploration, commercial operations after deadly Titan sub implosion
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Kristin Davis Cried After Being Ridiculed Relentlessly Over Her Facial Fillers
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Megan Fox Fires Back at Claim She Forces Her Kids to Wear Girls' Clothes
- Standing Rock: Dakota Access Pipeline Leak Technology Can’t Detect All Spills
- How Energy Companies and Allies Are Turning the Law Against Protesters
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Surrounded by Oil Fields, an Alaska Village Fears for Its Health
- Kristin Davis Shares Where She Stands on Kim Cattrall Drama Amid Her And Just Like That Return
- Warmer California Winters May Fuel Grapevine-Killing Pierce’s Disease
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
This week on Sunday Morning (July 9)
Clues From Wines Grown in Hot, Dry Regions May Help Growers Adapt to a Changing Climate
Book excerpt: American Ramble: A Walk of Memory and Renewal
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
A Seven-Mile Gas Pipeline Outside Albany Has Activists up in Arms
Drive-by shooting on D.C. street during Fourth of July celebrations wounds 9
A Seven-Mile Gas Pipeline Outside Albany Has Activists up in Arms