Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -Capitatum
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-26 12:28:58
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! (9441)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Former President Donald Trump Safe After Shooting During Rally
- Score Top Holiday Gifts Up to 60% Off at Nordstrom's Anniversary Sale 2024: Jo Malone, Le Creuset & More
- How a Holocaust survivor and an Illinois teen struck up an unlikely friendship
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Fitness pioneer Richard Simmons dies 1 day after 76th birthday
- Facebook and Instagram roll back restrictions on Trump ahead of GOP convention
- Hershey, Walgreens sued by family of 14-year-old who died after doing 'One Chip Challenge'
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- ‘Despicable Me 4’ reigns at box office, while ‘Longlegs’ gets impressive start
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Shannen Doherty Dead at 53: 90210 Costars Jason Priestley, Brian Austin Green and More Pay Tribute
- Former NFL Player Jacoby Jones Dead at 40
- Richard Simmons, a fitness guru who mixed laughs and sweat, dies at 76
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Hershey, Walgreens sued by family of 14-year-old who died after doing 'One Chip Challenge'
- Ryan Blaney holds off Denny Hamlin to win NASCAR Pocono race: Results, highlights
- Angels pitcher Ben Joyce throws fastest pitch of 2024 MLB season at 104.5 mph
Recommendation
3 years after the NFL added a 17th game, the push for an 18th gets stronger
Shannen Doherty Dead at 53: 90210 Costars Jason Priestley, Brian Austin Green and More Pay Tribute
One Tech Tip: Protecting yourself against SIM swapping
Dolphin mass stranding on Cape Cod found to be the largest in US history
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
Mark Harmon reveals secret swooning over new Gibbs, 'NCIS: Origins' star Austin Stowell
Delta apologizes after reacting to post calling employees' Palestinian flag pins Hamas badges
MLB draft prospects with famous bloodlines carry weight of monster expectations