Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitPoint
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 19:54:32
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! (954)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- Former NFL Player Jacoby Jones Dead at 40
- 3 Colorado poultry workers test presumptively positive for bird flu
- Jennie Garth Details Truth of Real Friendship With Shannen Doherty After 90210 Costar's Death
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Rudy Giuliani’s bankruptcy case was thrown out. Here are some key things to know
- Texas Gov. Greg Abbott demands answers as customers remain without power after Beryl
- Can a Medicaid plan that requires work succeed? First year of Georgia experiment is not promising
- Retirement planning: 3 crucial moves everyone should make before 2025
- 2024 Copa America highlights: Luis Suárez heroics help Uruguay seal win over Canada
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Lifeguard shortage grips US as drownings surge, heat rages
- Lifeguard shortage grips US as drownings surge, heat rages
- A shooting in Germany linked to a domestic dispute leaves 3 dead, 2 wounded
- A South Texas lawmaker’s 15
- Shooting kills 3 people including a young child in a car on an Alabama street
- Princess Kate appears at Wimbledon amid cancer battle: 'Great to be back'
- All-Star Jalen Brunson takes less money with new contract to bolster New York Knicks
Recommendation
Nevada attorney general revives 2020 fake electors case
Richard Simmons, a fitness guru who mixed laughs and sweat, dies at 76
Is 'Fly Me to the Moon' based on a true story? What's behind fake moon landing movie
Video: Baby red panda is thriving in New York despite being abandoned by mother
DoorDash steps up driver ID checks after traffic safety complaints
Trump says bullet pierced the upper part of my right ear when shots were fired at Pennsylvania rally
Texas Gov. Greg Abbott demands answers as customers remain without power after Beryl
Renowned Sex Therapist Dr. Ruth Westheimer Dead at 96