Current:Home > FinanceToyota 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:2025-04-18 07:47:51
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! (9)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Georgia football grapples with driving violations, as Kirby Smart says problem isn’t quite solved
- Internet explodes with 50 Cent 'Many Men' memes following Trump attack; rapper responds
- On an unusually busy news day, did the assassination attempt’s aftermath change the media tone?
- The Super Bowl could end in a 'three
- Paris Hilton Shares Mom Hacks, Cookware Essentials, and Amazon Prime Day 2024 Deals You Can't Miss
- Ugly Copa America scenes put pressure on FIFA, U.S. stadiums to ensure safe World Cup 2026
- Photographer Doug Mills on capturing bullet during Trump's rally assassination attempt
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- MSNBC’s ‘Morning Joe’ host says he was surprised and disappointed the show was pulled from the air
Ranking
- 'Most Whopper
- Dance Moms' Christi Lukasiak Arrested for DUI
- North Carolina approves party seeking to put RFK Jr. on the ballot, rejects effort for Cornel West
- After Donald Trump shot at rally, Russia, China and other foreign powers weigh in on assassination attempt
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Violence plagued officials all levels of American politics long before the attempt on Trump’s life
- Home Run Derby's nail-biting finish had Teoscar Hernandez, Bobby Witt's families on edge
- What is Demolition Ranch, the YouTube channel on Thomas Matthew Crooks' shirt?
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
North Carolina postal worker died in truck from possible heat stroke, family says
How many points did Bronny James score tonight? Lakers Summer League box score
King Charles III and Queen Camilla Pulled Away From Public Appearance After Security Scare
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Why Jenn Tran’s Bachelorette Contestant Devin Strader Was Called a “F--king Snake”
JD Vance is a relative political unknown. He’s been asked to help Donald Trump avenge his loss
After Donald Trump shot at rally, Russia, China and other foreign powers weigh in on assassination attempt