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:2025-04-25 19:48:21
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! (69)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- USMNT eliminated from Copa America after loss to Uruguay: Highlights, score
- Highlights from Supreme Court term: Rulings on Trump, regulation, abortion, guns and homelessness
- Powerball winning numbers for July 1 drawing: Jackpot rises to $138 million
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- America is obsessed with narcissists. Is Trump to blame?
- Manhattan prosecutors don't oppose delay in Trump's sentencing after Supreme Court immunity ruling
- Ticketmaster confirms data breach, won't say how many North American customers compromised
- Highlights from Trump’s interview with Time magazine
- Supreme Court rules Trump has immunity for official acts in landmark case on presidential power
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Caitlin Clark in action: How to watch Indiana Fever vs. Las Vegas Aces on Tuesday
- New Sherri Papini documentary will showcase infamous kidnapping hoax 'in her own words'
- Virginia Senate takes no action on move to repeal military tuition program restrictions
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Texas man dies after collapsing during Grand Canyon hike
- You're Overdue for a Checkup With the House Cast Then and Now
- Kate Middleton's Next Public Outing May Be Coming Soon
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Best friends Caitlin Clark, Kate Martin are WNBA rookies with different experiences
Angela Simmons apologizes for controversial gun-shaped purse at BET Awards: 'I don't mean no harm'
Jennie Garth says she's 'friends now' with ex Peter Facinelli: 'He even unblocked me'
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Despite vows of safety from OnlyFans, predators are exploiting kids on the platform
Ann Wilson announces cancer diagnosis, postpones Heart tour
Whitney Port Gives Update on Surrogacy Journey Following Two Miscarriages