Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -BrightFuture Investments
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 09:28:57
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! (27)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- New Netflix series explores reported UFO 'Encounters'. It couldn't come at a better time.
- Man serving sentence for attacking parents fails to return to halfway house and considered escapee
- Travis King, the U.S. soldier who crossed South Korea's border into North Korea, is back in U.S. custody
- Meta releases AI model to enhance Metaverse experience
- University of the People founder and Arizona State professor win Yidan Prize for education work
- Judge throws out charges against Philadelphia police officer in fatal shooting of Eddie Irizarry
- University of the People founder and Arizona State professor win Yidan Prize for education work
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Iran says it has successfully launched an imaging satellite into orbit amid tensions with the West
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- New York City Ballet celebrates 75th anniversary with show featuring dancers from first performance
- Donald Trump and his company repeatedly violated fraud law, New York judge rules
- DEA has seized over 55 million fentanyl pills in 2023 so far, Garland says
- Senate begins final push to expand Social Security benefits for millions of people
- One Real Housewives of Orange County Star Hints at Quitting in Dramatic Season 17 Reunion Trailer
- Pilot error, training issues were factors in Alaska crash that killed Czech billionaire, report says
- 13-year-old Chinese skateboarder wins gold at the Asian Games and now eyes the Paris Olympics
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Film academy to replace Hattie McDaniel's historic missing Oscar at Howard University
What would a government shutdown mean for me? SNAP, student loans and travel impacts, explained
Man serving sentence for attacking parents fails to return to halfway house and considered escapee
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Donald Trump’s lawyers ask judge to clarify fraud ruling’s impact on ex-president’s business
Police say they thwarted 'potential active shooter' outside church in Virginia
Houston approves $5M to relocate residents living near polluted Union Pacific rail yard