Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Momentum Network
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 13:26:32
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! (795)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- Survey shows half of Americans have tried marijuana. See how many say they still do.
- Chemical treatment to be deployed against invasive fish in Colorado River
- How Euphoria’s Alexa Demie Is Healing and Processing Costar Angus Cloud's Death
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Revamp Your Beauty Routine With These Tips From Southern Charm Star Madison LeCroy
- 'Pretty little problem solvers:' The best back to school gadgets and gear
- Conspiracy theorists gather at Missouri summit to discuss rigged voting machines, 2020 election
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Tornado spotted in Rhode Island as thunderstorms move through New England
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Pickleball, the fastest growing sport in the country, is moving indoors
- 'Lolita the whale' made famous by her five decades in captivity, dies before being freed
- Angelina Jolie's LBD With Cutouts Is a Sexy Take on the Quiet Luxury Trend
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Where is Vanna White? The 'Wheel of Fortune' host has rarely missed a show.
- Hurricane Hilary threatens dangerous rain for Mexico’s Baja. California may get rare tropical storm
- Ravens sign veteran edge rusher Jadeveon Clowney
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Survey shows half of Americans have tried marijuana. See how many say they still do.
'Give yourself grace': Camp Fire survivors offer advice to people in Maui
Mortgage rates continue to climb — and could reach 8% soon
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Indiana Republican Chairman Kyle Hupfer announces resignation after 6.5 years at helm
Maui bird conservationist fights off wildfire to save rare, near extinct Hawaiian species
Bachelor Nation's Kaitlyn Bristowe Shares Encouraging Message After Jason Tartick Breakup