Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetLink
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 04:21:37
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! (443)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- This Beloved Real Housewives of Miami Star Is Leaving the Show
- Apalachee High School suspect kept gun in backpack, hid in bathroom, officials say
- Texas leads push for faster certification of mental health professionals
- Skins Game to make return to Thanksgiving week with a modern look
- Meadow Walker Shares Gratitude for Late Dad Paul Walker in Heartbreaking Birthday Message
- Jury awards $6M to family members of Black Lives Matter protester killed by a car on Seattle freeway
- NFL Week 2 picks straight up and against spread: Will Chiefs or Bengals win big AFC showdown?
- In ‘Nickel Boys,’ striving for a new way to see
- How to watch August’s supermoon, which kicks off four months of lunar spectacles
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Jon Bon Jovi helps woman in crisis off bridge ledge in Nashville
- US consumer sentiment ticks higher for second month but remains subdued
- DC police officers sentenced to prison for deadly chase and cover-up
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Before that awful moment, Dolphins' Tyreek Hill forgot something: the talk
- Border Patrol response to Uvalde school shooting marred by breakdowns and poor training, report says
- Jill Biden and the defense chief visit an Alabama base to highlight expanded military benefits
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Pilots of an Alaska Airlines jet braked to avoid a possible collision with a Southwest plane
Disney superfan dies after running Disneyland half marathon on triple-digit day
Father of slain Ohio boy asks Trump not to invoke his son in immigration debate
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Brothers charged with assaulting New York Times photographer during Capitol riot
Three people wounded in downtown Dallas shooting; police say suspect is unknown
Officers who beat Tyre Nichols didn’t follow police training, lieutenant testifies