Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -ThriveProfit Compass
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
ViewDate:2025-04-28 08:51:46
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! (89767)
Related
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Biden awards Medal of Honor to 2 Union soldiers who hijacked train behind enemy lines
- Cybersecurity breach could delay court proceedings across New Mexico, public defenders office says
- 'American Idol' judge Luke Bryan doesn't know if he or Lionel Richie will return
- Arkansas State Police probe death of woman found after officer
- Judge temporarily blocks Biden administration’s restoration of transgender health protections
- Many tattoo ink and permanent makeup products contaminated with bacteria, FDA finds
- 2025 VW Golf R first look: The world's fastest Volkswagen?
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Journey guitarist Neal Schon talks touring essentials, prized guitars and favorite songs
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Q&A: How a Land Purchase Inspired by an Unfulfilled Promise Aims to Make People of Color Feel Welcome in the Wilderness
- Florida grower likely source in salmonella outbreak tied to cucumbers, FDA, CDC say
- How Vanessa Hudgens Celebrated Husband Cole Tucker's Birthday Hours Before Baby News
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Tour de France Stage 5 results, standings: Mark Cavendish makes history
- Christian McCaffrey Slams Evil Influencer for Criticizing Olivia Culpo's Wedding Dress
- As Gunnar Henderson awaits All-Star turn, baseball world discovers his 'electric' talent
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
FACT FOCUS: Trump wasn’t exonerated by the presidential immunity ruling, even though he says he was
Why Travis Kelce and Jason Kelce Are Taking a Hiatus From New Heights Podcast
U.S. woman accused of posing as heiress in scam extradited to the U.K. to face fraud charges
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Ford recalls more than 30,000 Mustangs over potential loss of steering control
2 more people charged with conspiring to bribe Minnesota juror with a bag of cash plead not guilty
Dave Grohl's Sleek Wimbledon Look Will Have You Doing a Double Take