Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Zenith Investment School
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 19:55:38
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! (83)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Ex-Philippines leader Duterte assails Marcos, accusing him of plotting to expand grip on power
- American Airlines’ hard landing on Maui sends 6 to hospital
- Watch: Taylor Swift and Travis Kelce share celebratory kiss after Chiefs win AFC championship
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Jannik Sinner establishes himself as legitimate star with comeback win at Australian Open
- How was fugitive Kaitlin Armstrong caught? She answered U.S. Marshals' ad for a yoga instructor
- Watch Pregnant Sofia Richie's Reaction to Finding Out the Sex of Her Baby
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Top U.N. court won't dismiss Israel genocide case but stops short of ordering Gaza cease-fire
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Suddenly unemployed in your 50s? What to do about insurance, savings and retirement.
- Somali pirates suspected of hijacking a Sri Lankan fishing boat and abducting its 6 crew
- How was fugitive Kaitlin Armstrong caught? She answered U.S. Marshals' ad for a yoga instructor
- Sam Taylor
- Iran launches 3 satellites into space that are part of a Western-criticized program as tensions rise
- Zebras and camels rescued from trailer fire in Indiana
- Alex Murdaugh tries to prove jury tampering led to his murder conviction
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Woman trapped 15 hours overnight in gondola at Lake Tahoe's Heavenly Ski Resort
Bullfighting set to return to Mexico City amid legal battle between fans and animal rights defenders
The IRS is piloting new software that could let you file your taxes for free
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
2 are in custody in Mississippi after baby girl is found abandoned behind dumpsters
Ravens QB Lamar Jackson can't hide his disappointment after stumbling against Chiefs
Takeaways from the AP’s investigation into how US prison labor supports many popular food brands