Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -FinanceMind
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Benjamin Ashford View
Date:2025-04-07 09:11:58
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! (29359)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Belarus political prisoners face abuse, no medical care and isolation, former inmate says
- Notre Dame spire to be crowned with new rooster, symbolizing cathedral’s resurgence
- Teddy Bridgewater to retire after the season, still impacting lives as 'neighborhood hero'
- Senate begins final push to expand Social Security benefits for millions of people
- WWE star Liv Morgan arrested in Florida on marijuana possession charge
- WWE's Charlotte Flair out of action for 9 months after knee injury suffered on 'Smackdown'
- Teenager Alex Batty returns to Britain after being missing for 6 years and then turning up in France
- Global Warming Set the Stage for Los Angeles Fires
- Brazil approves a major tax reform overhaul that Lula says will ‘facilitate investment’
Ranking
- North Carolina justices rule for restaurants in COVID
- Israel is using an AI system to find targets in Gaza. Experts say it's just the start
- Chiefs' Patrick Mahomes, Andy Reid fined for criticizing officiating after loss to Bills
- Zara pulls ad campaign that critics said resembled Gaza destruction
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Aaron Rodgers wows Jets teammates during practice. Will he be back for Christmas Eve?
- Woman charged with stealing truck filled with 10,000 Krispy Kreme doughnuts after 2 weeks on the run in Australia
- Britain says a Royal Navy ship has shot down an attack drone over the Red Sea
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Fire destroys a Los Angeles-area church just before Christmas
Top TV of 2023: AP’s selections include ‘Succession,’ ‘Jury Duty,’ ‘Shrinking,’ ‘Swarm’
WeightWatchers launches program for users of Ozempic and other weight-loss drugs
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Man convicted in Arkansas graduation shooting gets 105 years in prison
Boxer Andre August rethinking future after loss to Jake Paul, trainer says
Mayim Bialik is out as a 'Jeopardy!' host, leaving longtime champ Ken Jennings to solo