Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -Visionary Growth Labs
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 19:16:06
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! (936)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- A guide to fire, water, earth and air signs: Understanding the Zodiac elements
- Possible small tornado sweeps into Buffalo, damaging buildings and scattering tree limbs
- Google illegally maintains monopoly over internet search, judge rules
- In ‘Nickel Boys,’ striving for a new way to see
- Incumbent Maloy still leads after recount in Utah US House race, but lawsuit could turn the tide
- Body believed to be Glacier National Park drowning victim recovered from Avalanche Creek
- Instructor charged with manslaughter in Pennsylvania plane crash that killed student pilot
- Bodycam footage shows high
- Star Wars’ Daisy Ridley Shares She's Been Diagnosed With Graves’ Disease
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Georgia repeats at No. 1 as SEC, Big Ten dominate preseason US LBM Coaches Poll
- Air travelers sue CrowdStrike after massive computer outage disrupts flights
- The final image of Simone Biles at the Olympics was a symbol of joy — and where the sport is going
- $73.5M beach replenishment project starts in January at Jersey Shore
- Haunting Secrets About The Sixth Sense You Won't Be Able to Unsee
- Michael Phelps calls for lifetime ban for athletes caught doping: 'One and done'
- Bloomberg gives $600 million to four Black medical schools’ endowments
Recommendation
The White House is cracking down on overdraft fees
Why Simone Biles, Jordan Chiles bowed down to Rebeca Andrade after Olympic floor final
Nick Cannon Confirms He “Absolutely” Would Get Back With Mariah Carey
NY homeowner testifies that RFK Jr. rents a room at trial disputing whether he lives in the state
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
The Stanley x LoveShackFancy Collection is Here: Elevate Your Sip Before These Tumblers Sell Out
Swollen ankles are a common problem. From compression socks to elevation, here's how to get rid of them.
Fifth inmate dies at Wisconsin prison as former warden set to appear in court on misconduct charge