Current:Home > MarketsToyota 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:2025-04-20 01:40:31
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! (7)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- 'No chance of being fairly considered': DOJ sues Musk's SpaceX for refugee discrimination
- Journalism has seen a substantial rise in philanthropic spending over the past 5 years, a study says
- Emperor Penguin Breeding Failure Linked With Antarctic Sea Ice Decline
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Chickens, goats and geese, oh my! Why homesteading might be the life for you
- Bryan Kohberger's trial is postponed after Idaho student stabbings suspect waives right to speedy trial
- ‘Dune: Part 2' release postponed to 2024 as actors strike lingers
- All That You Wanted to Know About She’s All That
- Idaho student stabbings trial delayed after suspect Bryan Kohberger waives speedy trial
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Iran, Saudi Arabia and Egypt are among 6 nations set to join the BRICS economic bloc
- Terry Dubrow Reveals Romantic Birthday Plans With Wife Heather After Life-Threatening Blood Clot Scare
- Alex Murdaugh friend pleads guilty to helping steal from dead maid’s family
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- AP WAS THERE: A 1953 CIA-led coup in Iran topples prime minister, cements shah’s power
- RHOA's Kenya Moore Seemingly Subpoenas Marlo Hampton Mid-Reunion in Shocking Trailer
- Former USC star Reggie Bush files defamation lawsuit against NCAA: It's about truth
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Schutz Seasonal Sale: Save Up to 60% On Ankle Boots, Lace-Up Boots & More Fall Must-Haves
Jurors convict Alabama woman in 2020 beating death of toddler
Judge rejects Mark Meadows' request to postpone surrender and arrest in Fulton County
Travis Hunter, the 2
Why Alyson Stoner Felt Uncomfortable Kissing Dylan and Cole Sprouse on Zack & Cody
4 arrested in twin newborn Amber Alert case in Michigan; many questions remain unanswered
TikToker Alix Earle Addresses Nose Job Speculation