Current:Home > InvestToyota 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:2025-04-16 17:42:17
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! (3656)
Related
- Tom Holland's New Venture Revealed
- Why Real Housewives of Potomac's Karen Huger Feels Gratitude After DUI Car Accident
- Sydney Sweeney Sets the Record Straight on Rumors About Her Fiancé Jonathan Davino
- Chad Ochocinco, Steelers legend James Harrison to fight in MMA bout before Super Bowl
- Tom Holland's New Venture Revealed
- Last call at 4 a.m. in California? Governor says yes for one private club in LA Clippers’ new arena
- Dancing With the Stars' Rylee Arnold Sprains Her Ankle in Rehearsals With Olympian Stephen Nedoroscik
- The Krabby Patty is coming to Wendy's restaurants nationwide for a limited time. Yes, really.
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Suni Lee Details Having Mental Breakdown Night Before 2024 Olympic Team Finals
Ranking
- Travis Hunter, the 2
- Biltmore Estate remains closed to recover from Hurricane Helene damage
- Hailey Bieber's Fall Essentials Include Precious Nod to Baby Jack
- Human connections bring hope in North Carolina after devastation of Helene
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- 'Uncomfy comments': Why 'Love is Blind' star Taylor kept her mom's name a secret
- Roots Actor John Amos’ Cause of Death Revealed
- Raiders' Antonio Pierce dodges Davante Adams trade questions amid rumors
Recommendation
Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
Jackson Chourio, Garrett Mitchell homer in eighth, Brewers stun Mets to force Game 3
Target's 2024 top toy list with LEGO, Barbie exclusives; many toys under $20
TikTok star 'Mr. Prada' arrested after Baton Rouge therapist found dead in tarp along road
Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
Adam Brody Addresses Whether Gilmore Girls' Dave Rygalski Earned the Best Boyfriend Title
Record October heat expected to last across the Southwest: 'It's not really moving'
Kaine and Cao face off in only debate of campaign for US Senate seat from Virginia