Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -Mastery Money Tools
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-26 19:25:41
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! (6)
Related
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Because of Wisconsin's abortion ban, one mother gave up trying for another child
- China lends billions to poor countries. Is that a burden ... or a blessing?
- Matthew McConaughey's Son Livingston Looks All Grown Up Meeting NBA Star Draymond Green
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Vanderpump Rules Reunion Trailer Sees Ariana Madix & Cast Obliterate Tom Sandoval & Raquel Leviss
- Obama Broadens Use of ‘Climate Tests’ in Federal Project Reviews
- Thousands of toddler sippy cups and bottles are recalled over lead poisoning risk
- Meta releases AI model to enhance Metaverse experience
- After record election year, some LGBTQ lawmakers face a new challenge: GOP majorities
Ranking
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Oil Industry Satellite for Measuring Climate Pollution Set to Launch
- Vanderpump Rules Reunion Trailer Sees Ariana Madix & Cast Obliterate Tom Sandoval & Raquel Leviss
- Cracker Barrel faces boycott call for celebrating Pride Month
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- He woke up from eye surgery with a gash on his forehead. What happened?
- Sofia Richie Proves She's Still in Bridal Mode With Her Head-Turning White Look
- A quadriplegic mother on raising twins: Having a disability is not the end of the world
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Oil Industry Satellite for Measuring Climate Pollution Set to Launch
Today’s Climate: August 18, 2010
Ozempic side effects could lead to hospitalization — and doctors warn that long-term impacts remain unknown
USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
Thousands of toddler sippy cups and bottles are recalled over lead poisoning risk
States differ on how best to spend $26B from settlement in opioid cases
Judge’s Ruling to Halt Fracking Regs Could Pose a Broader Threat to Federal Oversight