Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Quantum Capital Pro
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 09:05:44
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! (3269)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- MLB free agency: Five deals that should happen with Shohei Ohtani off the board
- LSU QB Jayden Daniels wins Heisman Trophy despite team's struggles
- Elon Musk allows controversial conspiracy theorist Alex Jones back on X
- Bodycam footage shows high
- At least 3 killed after fire in hospital near Rome
- Russian presidential hopeful vows to champion peace, women and a ‘humane’ country
- Holiday crowds at airports and on highways are expected to be even bigger than last year
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Tennessee picks up pieces after terrifying tornadoes; storm pounds East Coast: Live updates
Ranking
- Meet first time Grammy nominee Charley Crockett
- At least 3 killed after fire in hospital near Rome
- Former New Jersey Senate president launches 2025 gubernatorial bid
- Real-life Grinch steals Christmas gifts for kids at Toys For Tots Warehouse
- What do we know about the mysterious drones reported flying over New Jersey?
- Is Kyle Richards Getting Mauricio Umansky a Christmas Gift Amid Separation? She Says...
- Cardi B and Offset Split: Revisiting Their Rocky Relationship Journey
- Students and lawmakers gather at Philadelphia temple to denounce antisemitism
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Kansas is voting on a new license plate after complaints scuttled an earlier design
Derek Chauvin's stabbing highlights security issues in federal prisons, experts say
Inside Kylie Jenner and Timothée Chalamet’s “Cozy” Date Night at Wonka Premiere
All That You Wanted to Know About She’s All That
At least 6 dead after severe storms, tornadoes hit Tennessee, leave trail of damage
Micah Parsons listed on Cowboys' injury report with illness ahead of Eagles game
Downpours, high winds prompt weather warnings in Northeast