Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -BrightPath Capital
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 05:40:29
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! (58)
Related
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- When does 'The Voice' Season 25 start? 2024 premiere date, time, coaches, where to watch
- ‘Past Lives,’ ‘American Fiction’ and ‘The Holdovers’ are big winners at Independent Spirit Awards
- Railroad Commission Approves Toxic Waste Ponds Next to Baptist Camp
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- ‘The Bear,’ ‘Spider-Verse’ among the early winners at Producers Guild awards
- Brooklyn preacher goes on trial for fraud charges prosecutors say fueled lavish lifestyle
- Why AP called South Carolina for Trump: Race call explained
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Wildfires are killing California's ancient giants. Can seedlings save the species?
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Leaders are likely to seek quick dismissal as Mayorkas impeachment moves to the Senate
- The One Where Jennifer Aniston Owns the 2024 Sag Awards Red Carpet
- What are sound baths and why do some people swear by them?
- Average rate on 30
- 8 killed after head-on crash in California farming region
- Inter Miami vs. LA Galaxy: How to watch Lionel Messi, what to know about tonight’s game
- In light of the Alabama court ruling, a look at the science of IVF
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
8 killed in California head-on crash include 7 farmers in van, 1 driver in pick-up: Police
Decade's old missing person case solved after relative uploads DNA to genealogy site
This is what happens when a wind farm comes to a coal town
Could your smelly farts help science?
Traveling With Your Pet? Here Are the Must-Have Travel Essentials for a Purrfectly Smooth Trip
Biden and Utah’s governor call for less bitterness and more bipartisanship in the nation’s politics
Suspect arrested in murder of student on Kentucky college campus