Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Nexus Pro
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 05:31:24
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! (8223)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- An alliance of Myanmar ethnic groups claim capture of another big trade crossing at Chinese border
- Wild goaltender Marc-Andre Fleury in mask issue shows he's better than NHL leadership
- Suzanne Shepherd, Sopranos and Goodfellas actress, dies at 89
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- 1.3 million chickens to be culled after bird flu detected at Ohio farm
- How WWE's Gunther sees Roman Reigns' title defenses: 'Should be a very special occasion'
- India’s LGBTQ+ community holds pride march, raises concerns over country’s restrictive laws
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Explosions at petroleum refinery leads to evacuations near Detroit
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Lawyer for Italian student arrested in ex-girlfriend’s slaying says he’s disoriented, had psych exam
- ‘You’ll die in this pit': Takeaways from secret recordings of Russian soldiers in Ukraine
- Taylor Swift's surprise songs in São Paulo. Which songs does she have left for Eras tour?
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Colorado QB Shedeur Sanders out for season finale vs. Utah, freshman Ryan Staub starts
- Beyoncé's 'Renaissance' film premieres: Top moments from the chrome carpet
- Tiffany Haddish Arrested for Suspicion of Driving Under the Influence
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Why Finland is blaming Russia for a sudden influx of migrants on its eastern border
Ohio State coach Ryan Day should consider Texas A&M job after latest loss to Michigan
Michigan football has shown it can beat Ohio State. Now it's time to beat everyone else.
The White House is cracking down on overdraft fees
2 teens shot, suspect arrested at downtown Cleveland plaza after annual tree-lighting ceremony
Marty Krofft, of producing pair that put ‘H.R. Pufnstuf’ and the Osmonds on TV, dies at 86
Dallas Cowboys Quarterback Dak Prescott and Sarah Jane Ramos Expecting First Baby