Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Aspire Money Growth
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 13:32:44
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! (4)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Do high ticket prices for games affect sports fan behavior? Experts weigh in.
- ‘Womb to Tomb’: Can Anti-Abortion Advocates Find Common Ground With the Climate Movement?
- Cheese village, Santa's Workshop: Aldi to debut themed Advent calendars for holidays
- This was the average Social Security benefit in 2004, and here's what it is now
- Hindered Wildfire Responses, Costlier Agriculture Likely If Trump Dismantles NOAA, Experts Warn
- EPA Gives Chicago Decades to Replace Lead Pipes, Leaving Communities at Risk
- Biden declares major disaster area in southeast New Mexico due to historic flooding
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Do high ticket prices for games affect sports fan behavior? Experts weigh in.
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Taylor Swift plays mashup of Exile and song from debut album in Indianapolis
- Dak Prescott injury update: Cowboys QB shares outlook for next week vs. Eagles
- Georgia judge rejects GOP lawsuit trying to block counties from accepting hand-returned mail ballots
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
- Texas Sued New Mexico Over Rio Grande Water. Now the States are Fighting the Federal Government
- Jury convicts former Kentucky officer of using excessive force on Breonna Taylor during deadly raid
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Opponents use parental rights and anti-trans messages to fight abortion ballot measures
'Taylor is thinking about you,' Andrea Swift tells 11-year-old with viral costume
Changes May Ease Burdens of European Deforestation Regulation on Small Palm Farms, but Not the Confusion
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
'Thank God': Breonna Taylor's mother reacts to Brett Hankison guilty verdict
Doctors left her in the dark about what to expect. Online, other women stepped in.
Oklahoma small town police chief and entire police department resign with little explanation