Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -GlobalTrade
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 02:51:35
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! (7631)
Related
- What to watch: O Jolie night
- MSNBC’s Mehdi Hasan quits rather than accept demotion at news network
- French prime minister resigns following recent political tensions over immigration
- Haitian judge issues arrest warrants accusing former presidents and prime ministers of corruption
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Dutch anti-Islam lawmaker Geert Wilders has withdrawn a 2018 proposal to ban mosques and the Quran
- Nicholas Alahverdian extradited to US four years after faking his death. What to know.
- There's a new COVID-19 variant and cases are ticking up. What do you need to know?
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- The US and UK say Bangladesh’s elections extending Hasina’s rule were not credible
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 'Mind-boggling': Firefighter charged after responding to house fire in another county, reports say
- Roofers find baby’s body in trash bin outside South Florida apartment complex
- “Shocked” Jonathan Majors Addresses Assault Case in First TV Interview Since Trial
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Jo Koy Defends Cute Golden Globes Joke About Taylor Swift Amid Criticism
- CES 2024 updates: Most interesting news and gadgets from tech’s big show
- Jury selection to begin in trial of man who fatally shot Kaylin Gillis in his driveway
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Months after hospitalization, Mary Lou Retton won't answer basic questions about health care, donations
Indiana Pacers All-Star point guard Tyrese Haliburton carried off floor with injury
The Cast of Stranger Things Is All Grown Up in First Photo From Season 5 Production
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
CES 2024 kicks off in Las Vegas soon: What to know about the consumer technology show
4 people charged over alleged plot to smuggle hundreds of Australian native reptiles to Hong Kong
'Suits' stars reunite at Golden Globes without Meghan: 'We don't have her number'