Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -MoneyBase
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-11 13:27:34
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! (2)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Fathers away from home fear for family members stuck in Gaza as war rages: I am sick with worry
- Fantasy football waiver wire Week 11 adds: 5 players you need to consider picking up now
- EU nations condemn Hamas for what they describe as use of hospitals, civilians as ‘human shields’
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Taylor Swift and Travis Kelce Draw Cheers During Dinner Date in Buenos Aires
- White House releases plan to grow radio spectrum access, with possible benefits for internet, drones
- Pakistan opens 3 new border crossings to deport Afghans in ongoing crackdown on migrants
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- 80 people freed from Australian migrant centers since High Court outlawed indefinite detention
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- He overcame leukemia, homelessness. Now this teen is getting a bachelor's in neuroscience.
- Colombia detains 4 in kidnapping of Liverpool football star Luis Díaz
- Hollywood agent's son arrested on suspicion of murder after torso found in dumpster
- Senate begins final push to expand Social Security benefits for millions of people
- Joey Fatone opens up about fat loss procedure, getting hair plugs: 'Many guys get work done'
- No. 3 Duke basketball loses to Caleb Love, No. 11 Arizona in top-15 showdown
- Former NFL cornerback D.J. Hayden among 6 dead after car accident in Houston
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Tea and nickel on the agenda as Biden hosts Indonesian president
Anti-mining protesters in Panama say road blockades will be suspended for 12 hours on Monday
Virginia State University officer critically wounded in shooting near campus, officials say
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
SAG-AFTRA President Fran Drescher: AI protection was nearly 'deal breaker' in actors strike
Romania inaugurates an F-16 jet pilot training center for NATO allies and neighboring Ukraine
Airlines let Taylor Swift fans rebook Argentina flights at no cost after concert postponed