Current:Home > FinanceToyota 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
TradeEdge View
Date:2025-04-11 00:27:59
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! (8161)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Nebraska governor blames university leadership for AD Trev Alberts’ sudden departure for Texas A&M
- Grab a Slice of Pi Day with These Pie (and Pizza Pie) Making Essentials
- Kentucky governor ready to campaign against school choice measure if it reaches fall ballot
- Trump issues order to ban transgender troops from serving openly in the military
- Actor Pierce Brosnan pleads guilty to walking in Yellowstone park thermal area, must pay $1,500
- How does inflation affect your retirement plan?
- Philadelphia’s population declined for the third straight year, census data shows
- What do we know about the mysterious drones reported flying over New Jersey?
- NLRB certifies union to represent Dartmouth basketball players
Ranking
- Meta releases AI model to enhance Metaverse experience
- Olivia Rodrigo concertgoers receive free contraceptives at Missouri stop amid abortion ban
- The United States has its first large offshore wind farm, with more to come
- What is Pi Day? Things to know about the holiday celebrating an iconic mathematical symbol
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Kristen Stewart on her 'very gay' new movie 'Love Lies Bleeding': 'Lesbians overload!'
- Executive director named for foundation distributing West Virginia opioid settlement funds
- AP Week in Pictures: North America
Recommendation
Rylee Arnold Shares a Long
New Mexico day care workers’ convictions reversed in 2017 death of toddler inside hot car
Why FKA Twigs Doesn't Regret Burning Off Her Skin After Bleached Eyebrows Mishap
Report finds flawed tactics, poor communication in a probe of New Mexico trooper’s death
'Most Whopper
Neil Young is returning to Spotify after boycotting platform over Joe Rogan and COVID-19 misinformation
Prosecutors: A ‘network’ of supporters helped fugitives avoid capture after Capitol riot
Penguins postpone Jagr bobblehead giveaway after the trinkets were stolen en route to Pittsburgh