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:2025-04-15 08:27:05
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! (57165)
Related
- B.A. Parker is learning the banjo
- Group says it intends to sue US agencies for failing to assess Georgia plant’s environmental impact
- Hawaii's Kilauea volcano erupts in remote part of national park with low eruptive volume, officials say
- RFK Jr. sues Nevada’s top election official over ballot access as he scrambles to join debate stage
- Intel's stock did something it hasn't done since 2022
- Former U.S. soldier charged with homicide, robbery in plot to fund fighting trip to Venezuela
- MLB bans Tucupita Marcano for life for betting on baseball, four others get one-year suspensions
- Ben Affleck and Jennifer Lopez Tackle Breakup Rumors With PDA Outing
- Rylee Arnold Shares a Long
- California Regulators Approve Community Solar Decision Opposed by Solar Advocates
Ranking
- Sam Taylor
- 'The Bachelorette' contestants: Meet the cast of men looking to charm Jenn Tran
- Zachary Quinto accused of yelling at staff at Toronto restaurant: 'Made our host cry'
- Jack Black responds to students' request to attend 'School of Rock' musical production
- Trump invites nearly all federal workers to quit now, get paid through September
- South Korea pledges to retaliate against North Korea over its launch of garbage-filled balloons over border
- Arizona tribe temporarily bans dances after fatal shooting of police officer
- Chinese spacecraft lands on far side of moon
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Intelligence chairman says US may be less prepared for election threats than it was four years ago
A Black medic wounded on D-Day saved dozens of lives. He’s finally being posthumously honored
Michigan kills 31,000 Atlantic salmon after they catch disease at hatchery
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
'The Bachelorette' contestants: Meet the cast of men looking to charm Jenn Tran
'Kingdom' star Jonathan Tucker helps neighbors to safety during home invasion incident
Gen Z sticking close to home: More young adults choose to live with parents, Census shows