Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -CapitalEdge
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 17:06:39
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! (2522)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Ohio Attorney General given until Monday to explain rejection of voting rights amendment to court
- Bruce Springsteen's mother, Adele Springsteen, dies at 98
- 2024 NBA All-Star reserves announced: Who's going to Indianapolis? Who was snubbed?
- Intellectuals vs. The Internet
- Here's what you need to know for 2024 US Olympic marathon trials in Orlando
- A Trump-era tax law could get an overhaul. Millions could get a bigger tax refund this year as a result.
- How local government is propping up the U.S. labor market
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Steal Hearts With Michael Kors' Valentine’s Day Collection Full of Chic Finds That’ll Woo Her Away
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Adrian Beltré to have Rangers logo on baseball Hall of Fame plaque. No team emblem for Jim Leyland
- Shooting deaths of bartender, husband at Wisconsin sports bar shock community
- Plans for U.S. strikes on Iranian personnel and facilities in Iraq, Syria approved after Jordan drone attack
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- 'Beetlejuice 2' movie poster unveils Tim Burton sequel's cheeky title, release date
- Pregnant Sofia Richie Cradles Baby Bump During Red Carpet Appearance at Pre-Grammys Party
- Groundhog Day 2024: Trademark, bankruptcy, and the dollar that failed
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
U.K. judge dismisses Donald Trump's lawsuit over Steele dossier
Wendy Williams Bombshell Documentary Details Her Struggle With Alcohol, Money & More
Haley insists she’s staying in the GOP race. Here’s how that could cause problems for Trump
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Did the groundhog see his shadow? See results of Punxsutawney Phil's 2024 winter forecast
Seattle woman who returned Costco couch after 2.5 years goes viral, sparks ethics debate
Biden is left with few choices as immigration takes center stage in American politics