Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitPioneers Hub
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 03:38:43
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! (2523)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- IRS whistleblowers ask judge to dismiss Hunter Biden's lawsuit against the tax agency
- Man City wins record fourth-straight Premier League title after 3-1 win against West Ham
- Israeli War Cabinet member says he'll quit government June 8 unless new war plan is adopted
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Wolves reach conference finals brimming with talent and tenacity in quest for first NBA championship
- In Oregon’s Democratic primaries, progressive and establishment wings battle for US House seats
- Persistent helium leak triggers additional delay for Boeing's hard-luck Starliner spacecraft
- Intel's stock did something it hasn't done since 2022
- Student fatally shot, suspect detained at Georgia’s Kennesaw State University
Ranking
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Designer David Rockwell on celebrating a sense of ritual
- 3 dead, including 6-year-old boy, after Amtrak train hits pickup truck in New York
- 'SNL': Jake Gyllenhaal sings Boyz II Men as Colin Jost, Michael Che swap offensive jokes
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Tempers flare between Tigers and Diamondbacks' dugouts over pitching mound at Chase Field
- Edmonton Oilers force Game 7 with rout of Vancouver Canucks
- Fast-growing wildfire has shut down a portion of the Tonto National Forest in Arizona
Recommendation
Chief beer officer for Yard House: A side gig that comes with a daily swig.
How the Dow Jones all-time high compares to stock market leaps throughout history
Timeline of the Assange legal saga over extradition to the US on espionage charges
Surprise! Taylor Swift gifts fans a '1989' mashup at Saturday's Stockholm Eras Tour show
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Jessica Biel Chops Off Her Hair to Debut 7th Heaven-Style Transformation
TikTok ban: Justice Department, ByteDance ask appeals court to fast-track decision
Horoscopes Today, May 19, 2024