Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -StockHorizon
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 00:20:20
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! (38)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Confusion Over Line 5 Shutdown Highlights Biden’s Tightrope Walk on Climate and Environmental Justice
- Nations Most Impacted by Global Warming Kept Out of Key Climate Meetings in Glasgow
- Honda recalls more than 330,000 vehicles due to a side-view mirror issue
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Coal Powered the Industrial Revolution. It Left Behind an ‘Absolutely Massive’ Environmental Catastrophe
- Confusion Over Line 5 Shutdown Highlights Biden’s Tightrope Walk on Climate and Environmental Justice
- Why tech bros are trying to give away all their money (kind of)
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- A Great Recession bank takeover
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Unexploded bombs found in 1942 wrecks of U.S. Navy ships off coast of Canada
- ‘A Trash Heap for Our Children’: How Norilsk, in the Russian Arctic, Became One of the Most Polluted Places on Earth
- Search for baby, toddler washed away in Pennsylvania flooding impeded by poor river conditions
- Trump invites nearly all federal workers to quit now, get paid through September
- A career coach unlocks the secret to acing your job interview and combating anxiety
- Honda recalls more than 330,000 vehicles due to a side-view mirror issue
- In San Francisco’s Bayview-Hunters Point Neighborhood, Advocates Have Taken Air Monitoring Into Their Own Hands
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Barack Obama drops summer playlist including Ice Spice, Luke Combs, Tina Turner and Peso Pluma
Jacksonville Jaguars assistant Kevin Maxen becomes first male coach in major U.S. pro league to come out as gay
Why tech bros are trying to give away all their money (kind of)
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Search for baby, toddler washed away in Pennsylvania flooding impeded by poor river conditions
Simone Biles Is Making a Golden Return to Competitive Gymnastics 2 Years After Tokyo Olympics Run
What the bonkers bond market means for you