Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Dynamic Wealth Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-17 05:48:00
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! (93762)
Related
- Arkansas State Police probe death of woman found after officer
- China, India to Reach Climate Goals Years Early, as U.S. Likely to Fall Far Short
- The Dropout’s Amanda Seyfried Reacts to Elizabeth Holmes Beginning 11-Year Prison Sentence
- WWE's Alexa Bliss Is Pregnant, Expecting First Baby With Husband Ryan Cabrera
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Halting Ukrainian grain exports risks starvation and famine, warns Cindy McCain, World Food Programme head
- Renewable Energy Groups Push Back Against Rick Perry’s Controversial Grid Study
- In Hurricane Florence’s Path: Giant Toxic Coal Ash Piles
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- U.S. maternal deaths keep rising. Here's who is most at risk
Ranking
- Sam Taylor
- Taylor Swift sings surprise song after fan's post honoring late brother goes viral
- Trump Budget Risks ‘Serious Harm’ to America’s Energy Future, 7 Former DOE Officials Warn
- Trump Budget Risks ‘Serious Harm’ to America’s Energy Future, 7 Former DOE Officials Warn
- Sonya Massey's father decries possible release of former deputy charged with her death
- Jana Kramer Recalls Releasing Years of Shame After Mike Caussin Divorce
- Illinois city becomes haven for LGBTQ community looking for affordable housing
- Drought Fears Take Hold in a Four Corners Region Already Beset by the Coronavirus Pandemic
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
Girlfriend of wealthy dentist Lawrence Rudolph, who killed his wife on a safari, gets 17 year prison term
Florida woman who shot Black neighbor through door won't face murder charge
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Beginning of the End for Canada’s Tar Sands or Just a Blip?
Transcript: David Martin and John Sullivan on Face the Nation, June 25, 2023
Taking the Climate Fight to the Streets