Current:Home > ContactToyota 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:2025-04-14 14:51:33
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! (68)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- After courtroom outburst, Florida music teacher sentenced to 6 years in prison for Jan. 6 felonies
- Looking to Reduce Emissions, Apparel Makers Turn to Their Factories in the Developing World
- Russia is Turning Ever Given’s Plight into a Marketing Tool for Arctic Shipping. But It May Be a Hard Sell
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- HarperCollins and striking union reach tentative agreement
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $71
- A power outage at a JFK Airport terminal disrupts flights
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Search continues for nursing student who vanished after calling 911 to report child on side of Alabama freeway
Ranking
- A South Texas lawmaker’s 15
- Dawn Goodwin and 300 Environmental Groups Consider the new Line 3 Pipeline a Danger to All Forms of Life
- Many U.K. grocers limit some fruit and veggie sales as extreme weather impacts supply
- 5 dead, baby and sister still missing after Pennsylvania flash flooding
- Don't let hackers fool you with a 'scam
- When an Oil Company Profits From a Pipeline Running Beneath Tribal Land Without Consent, What’s Fair Compensation?
- Adam Sandler’s Sweet Anniversary Tribute to Wife Jackie Proves 20 Years Is Better Than 50 First Dates
- HarperCollins and striking union reach tentative agreement
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Buttigieg calls for stronger railroad safety rules after East Palestine disaster
One of the most violent and aggressive Jan. 6 rioters sentenced to more than 7 years
And Just Like That's David Eigenberg Reveals Most Surprising Supporter of Justice for Steve
What to watch: O Jolie night
Reporter's dismissal exposes political pressures on West Virginia Public Broadcasting
An energy crunch forces a Hungarian ballet company to move to a car factory
With a Warming Climate, Coastal Fog Around the World Is Declining