Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Momentum Network
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 13:21:50
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! (52)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Emmy Rossum Gives Birth, Privately Welcomes Baby No. 2 With Sam Esmail
- Martha Stewart Reveals What the F She's Really Doing to Get Her Amazing Appearance
- Brooke Shields Reveals John F. Kennedy Jr.'s Less Than Chivalrous Reaction to Her Turning Him Down
- See you latte: Starbucks plans to cut 30% of its menu
- Kelly Clarkson Seemingly Shades Ex Brandon Blackstock in New Song Teaser
- Maine's Next Generation Of Lobstermen Brace For Unprecedented Change
- Professor, 2 students stabbed in gender issues class at Canadian university; suspect in custody
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- You can now search for flights on Google based on carbon emissions
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Heavy Rains Lead To Flash Flooding In Eastern Nebraska
- Three (Hopeful!) Takeaways From The UN's Climate Change Report
- Woman loses leg after getting it trapped in Bangkok airport's moving walkway
- Arkansas State Police probe death of woman found after officer
- Come and Get a Look at Our List of Selena Gomez's Best Songs
- U.S. Envoy Kerry Says China Is Crucial To Handling The Climate Crisis
- Sydney Sweeney's Second Collection With Frankies Bikinis' Sexiest Yet Swimwear Line Is Here
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
High Winds Are Threatening To Intensify The Flames Approaching Lake Tahoe
Western Europe Can Expect More Heavy Rainfall And Fatal Floods As The Climate Warms
Zayn Malik Teases Recording Studio Session in Rare Photo
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Climate Change Means More Subway Floods; How Cities Are Adapting
For The 1st Time In Recorded History, Smoke From Wildfires Reaches The North Pole
Tearful Jeremy Renner Recalls Writing Last Words to His Family After Snowplow Accident