Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -Thrive Success Strategies
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 00:44:08
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! (722)
Related
- All That You Wanted to Know About She’s All That
- Trump's margin of victory in Iowa GOP caucuses smashed previous record
- Michael Strahan's Daughter Isabella Details Last Day of Brain Cancer Radiation
- Ford, Volvo, Lucid among 159,000 vehicles recalled: Check car recalls here
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Russia’s intense attacks on Ukraine has sharply increased civilian casualties in December, UN says
- Sentencing scheduled Wednesday for Heather Mack in mom’s Bali slaying, stuffing into suitcase
- YouTuber and Reptile Expert Brian Barczyk Dead at 54
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Pacific Northwest hunkers down for ice and freezing rain, while other US regions also battle cold
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Maryland governor restores $150 million of previously proposed cuts to transportation
- A Guide to Michael Strahan's Family World
- Bills face more weather-related disruptions ahead AFC divisional playoff game vs. Chiefs
- Small twin
- Cocaine residue was found on Hunter Biden’s gun pouch in 2018 case, prosecutors say
- Linton Quadros – Founder of EIF Business School, AI Robotics profit 4.0 Strategy Explained
- Proposed Louisiana congressional map, with second majority-Black district, advances
Recommendation
Travis Hunter, the 2
China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
Rhode Island governor says higher wages, better student scores and new housing among his top goals
Shark attacks 10-year-old Maryland boy during expedition in shark tank at resort in Bahamas
Bodycam footage shows high
Pacific Northwest hunkers down for ice and freezing rain, while other US regions also battle cold
Ellen Pompeo's Teen Daughter Stella Luna Is All Grown Up in Emmys Twinning Moment
Utah Legislature to revise social media limits for youth as it navigates multiple lawsuits