Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -BrightPath Capital
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
SafeX Pro View
Date:2025-04-09 23:28:59
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! (18575)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Jenna Ortega Is Joining Beetlejuice 2—and the Movie Is Coming Out Sooner Than You Think
- Margot Robbie and Husband Tom Ackerley Step Out for Rare Date Night at Chanel Cruise Show
- Today’s Climate: August 11, 2010
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Anxious while awaiting election results? Here are expert tips to help you cope
- Tom Holland says he's taking a year off after filming The Crowded Room
- Today’s Climate: August 13, 2010
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Food insecurity is driving women in Africa into sex work, increasing HIV risk
Ranking
- Arkansas State Police probe death of woman found after officer
- George Santos files appeal to keep names of those who helped post $500,000 bond sealed
- ZeaChem CEO: Sound Cellulosic Biofuel Solutions Will Proceed Without U.S. Subsidies
- CDC issues new opioid prescribing guidance, giving doctors more leeway to treat pain
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Even remote corners of Africa are feeling the costly impacts of war in Ukraine
- Amid vaccine shortages, Lebanon faces its first cholera outbreak in three decades
- The Fate of Vanderpump Rules and More Bravo Series Revealed
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Doctors and advocates tackle a spike of abortion misinformation – in Spanish
‘We Must Grow This Movement’: Youth Climate Activists Ramp Up the Pressure
Why Christine Quinn's Status With Chrishell Stause May Surprise You After Selling Sunset Feud
Intel's stock did something it hasn't done since 2022
Vaccines used to be apolitical. Now they're a campaign issue
Unusually Hot Spring Threw Plants, Pollinators Out of Sync in Europe
Statins vs. supplements: New study finds one is 'vastly superior' to cut cholesterol