Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetScope
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 00:28:04
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! (36)
Related
- New data highlights 'achievement gap' for students in the US
- Microsoft applications like Outlook and Teams were down for thousands of users
- See How Gwyneth Paltrow Wished Ex Chris Martin a Happy Father’s Day
- Taylor Swift and Gigi Hadid Prove Their Friendship Never Goes Out of Style in NYC
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Saying goodbye to Pikachu and Ash, plus how Pokémon changed media forever
- The Oil Market May Have Tanked, but Companies Are Still Giving Plenty to Keep Republicans in Office
- Prince William’s Adorable Photos With His Kids May Take the Crown This Father’s Day
- Trump's 'stop
- Larry Birkhead Shares Rare Selfie With His and Anna Nicole Smith’s Daughter Dannielynn
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- A ‘Polluter Pays’ Tax in Infrastructure Plan Could Jump-Start Languishing Cleanups at Superfund Sites
- The U.S. economy ended 2022 on a high note. This year is looking different
- The great turnaround in shipping
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Southwest faces investigation over holiday travel disaster as it posts a $220M loss
- These combat vets want to help you design the perfect engagement ring
- Treat Williams' Daughter Honors Late Star in Heartbreaking Father's Day Tribute One Week After His Death
Recommendation
Louvre will undergo expansion and restoration project, Macron says
As the Climate Crisis Grows, a Movement Gathers to Make ‘Ecocide’ an International Crime Against the Environment
If You're a Very Busy Person, These Time-Saving Items From Amazon Will Make Your Life Easier
New Research Explores the Costs of Climate Tipping Points, and How They Could Compound One Another
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
The story of Monopoly and American capitalism
The IPCC Understated the Need to Cut Emissions From Methane and Other Short-Lived Climate Pollutants, Climate Experts Say
Florida Power CEO implicated in scandals abruptly steps down