Current:Home > MyToyota 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:2025-04-13 02:07:44
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! (2461)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Students learn lessons on climate change, pollution through raising salmon
- Drake Bell’s Wife Janet Von Schmeling Files for Divorce After His Disappearance
- Students learn lessons on climate change, pollution through raising salmon
- Federal hiring is about to get the Trump treatment
- U.N. talks to safeguard the world's marine biodiversity will pick back up this week
- Biden administration announces nearly $11B for renewable energy in rural communities
- Sofia Richie's Glam Wedding Makeup Included This $10 Mascara
- All That You Wanted to Know About She’s All That
- The U.S. plans new protections for old forests facing pressure from climate change
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Why Elizabeth Olsen Thinks It’s “Ridiculous” She Does Her Own Marvel Stunts
- Balloon shoot-down has U.S. on alert. Weather forecasters know how to steer clear
- Prince William and Kate Middleton Share Unseen Photo of Queen Elizabeth II With Family Before Death
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Climate is changing too quickly for the Sierra Nevada's 'zombie forests'
- Coach 80% Off Deals: Shop Under $100 Handbags, Shoes, Jewelry, Belts, Wallets, and More
- Mandy Moore Shows Off Her New Bangs After Itching for a Hair Change
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Colorado River states announce breakthrough water sharing deal
Air quality plummets as Canadian wildfire smoke stretches across the Midwest
Kourtney Kardashian Responds to Criticism Over Her Birthday Flowers
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
This Affordable Amazon Tank Top Is the Perfect Cottagecore Look for Spring
Against all odds, the rare Devils Hole pupfish keeps on swimming
Meghan Trainor Has a NSFW Confession About “Nightmare” Sex With “Big Boy” Daryl Sabara