Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Ascend Finance Compass
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-27 02:56:48
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! (643)
Related
- 'Most Whopper
- Trump hammered Democrats on transgender issues. Now the party is at odds on a response
- NBA today: Injuries pile up, Mavericks are on a skid, Nuggets return to form
- 'Dangerous and unsanitary' conditions at Georgia jail violate Constitution, feds say
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Florida Man Arrested for Cold Case Double Murder Almost 50 Years Later
- Who will save Florida athletics? Gators need fixing, and it doesn't stop at Billy Napier
- Padma Lakshmi, John Boyega, Hunter Schafer star in Pirelli's 2025 calendar: See the photos
- The Grammy nominee you need to hear: Esperanza Spalding
- AI could help scale humanitarian responses. But it could also have big downsides
Ranking
- The Super Bowl could end in a 'three
- More than 150 pronghorns hit, killed on Colorado roads as animals sought shelter from snow
- Dozens indicted over NYC gang warfare that led to the deaths of four bystanders
- KFC sues Church's Chicken over 'original recipe' fried chicken branding
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Dogecoin soars after Trump's Elon Musk announcement: What to know about the cryptocurrency
- 'Serial swatter': 18-year-old pleads guilty to making nearly 400 bomb threats, mass shooting calls
- More than 150 pronghorns hit, killed on Colorado roads as animals sought shelter from snow
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
What Just Happened to the Idea of Progress?
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Blake Snell free agent rumors: Best fits for two-time Cy Young winner
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
The Best Gifts for Men – That He Won’t Want to Return
4 arrested in California car insurance scam: 'Clearly a human in a bear suit'
Texas man accused of supporting ISIS charged in federal court