Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -ProfitLogic
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
PredictIQ View
Date:2025-04-06 10:18:17
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! (76636)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Pac-12, SEC showdowns headline the six best college football games to watch in Week 12
- Golden Globes find new home at CBS after years of scandal
- DA says gun charge dropped against NYC lawmaker seen with pistol at protest because gun did not work
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Judge finds Voting Rights Act violation in North Dakota redistricting for two tribes
- 'Once-in-a-lifetime dream': Mariah Carey gushes over her own Barbie doll
- Fans react to Rosalía, Rauw Alejandro performing – separately – at the 2023 Latin Grammys
- Why members of two of EPA's influential science advisory committees were let go
- Tiger Woods' ex-girlfriend now says she wasn't victim of sexual harassment
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Man convicted in death of woman whose body was found in duffel bag along rural road
- Prices fall, unemployment rises and Boomers have all the houses
- America is facing its 'worst rate of hunger' in years, food banks say. Here's why.
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- First person charged under Australia’s foreign interference laws denies working for China
- Why “Mama Bear” Paris Hilton Hit Back at Negative Comments About Her Baby Boy Phoenix
- Advertiser exodus grows as Elon Musk's X struggles to calm concerns over antisemitism
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Hungary issues an anti-EU survey to citizens on migration, support for Ukraine and LGBTQ+ rights
Las Vegas high schoolers facing murder charges in their classmate’s death due in court
Union workers at Stellantis move closer to approving contract that would end lengthy labor dispute
What to watch: O Jolie night
Max Verstappen gets candid: How F1 champ really feels about Vegas race
Nearly a third of Gen-Zers steal from self-checkout aisles, survey shows
Alabama inmate who fatally shot man during 1993 robbery is executed