Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Impact Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 23:26:18
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! (412)
Related
- Trump's 'stop
- Villains Again? Fannie Mae and Freddie Mac Nix Innovative Home Energy Programs
- Precious memories: 8 refugees share the things they brought to remind them of home
- As drug deaths surge, one answer might be helping people get high more safely
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Monkeypox cases in the U.S. are way down — can the virus be eliminated?
- Woman says police didn't respond to 911 report that her husband was taken hostage until he had already been killed
- As drug deaths surge, one answer might be helping people get high more safely
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- As drug deaths surge, one answer might be helping people get high more safely
Ranking
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Get 2 Bareminerals Tinted Moisturizers for the Less Than the Price of 1 and Replace 4 Products at Once
- A town employee quietly lowered the fluoride in water for years
- Lionel Messi picks Major League Soccer's Inter Miami
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Why childbirth is so dangerous for many young teens
- Beto O’Rourke on Climate Change: Where the Candidate Stands
- False information is everywhere. 'Pre-bunking' tries to head it off early
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Precious memories: 8 refugees share the things they brought to remind them of home
In close races, Republicans attack Democrats over fentanyl and the overdose crisis
Today’s Climate: July 14, 2010
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
The Iron Sheik, wrestling legend, dies at age 81
Meeting abortion patients where they are: providers turn to mobile units
Emma Chamberlain Shares Her Favorite On-The-Go Essential for Under $3