Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Blueprint Capital School
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 19:31:01
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! (86472)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Is the economy headed for recession or a soft landing?
- Rep. Ayanna Pressley on student loans, the Supreme Court and Biden's reelection - The Takeout
- The debt ceiling, extraordinary measures, and the X Date. Why it all matters.
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Trump asks 2 more courts to quash Georgia special grand jury report
- Extreme Heat Risks May Be Widely Underestimated and Sometimes Left Out of Major Climate Reports
- Justice Dept asks judge in Trump documents case to disregard his motion seeking delay
- Former Danish minister for Greenland discusses Trump's push to acquire island
- California’s Relentless Droughts Strain Farming Towns
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- A U.S. Virgin Islands Oil Refinery Had Yet Another Accident. Residents Are Demanding Answers
- As Oil Demand Rebounds, Nations Will Need to Make Big Changes to Meet Paris Goals, Report Says
- The IRS now says most state relief checks last year are not subject to federal taxes
- Tom Holland's New Venture Revealed
- Amazon Shoppers Love This Very Cute & Comfortable Ruffled Top for the Summer
- How Biden's latest student loan forgiveness differs from debt relief blocked by Supreme Court
- Save 56% on an HP Laptop and Get 1 Year of Microsoft Office and Wireless Mouse for Free
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Woman charged with selling fentanyl-laced pills to Robert De Niro's grandson
What does the Adani Group's crash mean for India's economy?
Gabby Douglas, 3-time Olympic gold medalist, announces gymnastics comeback: Let's do this
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Northwestern fires baseball coach amid misconduct allegations days after football coach dismissed over hazing scandal
Kim Kardashian and Hailey Bieber Reveal If They’ve Joined Mile High Club
Meet the judge deciding the $1.6 billion defamation case against Fox News
Like
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Bachelor Fans Will Want to Steal Jason Tartick and Kaitlyn Bristowe's Date Night Ideas for a Sec
- Noxious Neighbors: The EPA Knows Tanks Holding Heavy Fuels Emit Harmful Chemicals. Why Are Americans Still at Risk?