Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Legacy Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 13:31:48
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! (5578)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Billie Eilish Mourns Death of Beloved Dog Pepper
- Coast Guard rescues 2 from capsized boat off Georgia coast
- Maria Menounos and Husband Keven Undergaro Welcome First Baby via Surrogate
- Small twin
- Mandy Moore Says She's Received Paychecks Under $1 for This Is Us Streaming Residuals
- Victoria Beckham Performs a Spice Girls Song With David Beckham and Teases More to Come
- Vanderpump Rules Star Ariana Madix's Favorite Revenge Look Will Surprise You
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Travis Barker Reveals Potential Baby Name for Son With Pregnant Kourtney Kardashian
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- The Nordstrom Anniversary Sale 2023 Has the Best Deals on Footwear from UGG, Birkenstock, Adidas & More
- Megan Fox Caught in Middle of Scuffle After Man Attempts to Punch Machine Gun Kelly
- Here's What Carlee Russell Said Happened to Her During Disappearance, According to Police
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Megababe Beauty Will Save You From Summer Chafing — Yes, Even There
- Carlee Russell's disappearance was 'hoax'; charges possible, police say
- Why Julian Sands' Cause of Death Has Been Ruled Undetermined
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Tony Bennett Dead at 96: Anderson Cooper, Carson Daly and More Honor the Legendary Singer
Doja Cat Debuts Her Boldest Hair Transformation Yet With Spider Design
Project Runway All Stars' Designer Anna Zhou Talks Hard Work, Her Avant-Garde Aesthetic & More
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Love endures for Ukrainian soldier who lost both arms, sight during war
These $24 Pants Have the Sophistication of Trousers and Comfort of Sweatpants
Kate Spade 24-Hour Flash Deal: Get This $250 Crossbody Bag for Just $59