Current:Home > InvestToyota 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:2025-04-24 12:02:26
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! (8)
Related
- A South Texas lawmaker’s 15
- Katharine McPhee, David Foster break silence on their nanny's death
- Special counsel Jack Smith argues Judge Tanya Chutkan shouldn't recuse herself in Trump case
- Family of grad student killed by police cruiser speaks out after outrage grows
- 2025 'Doomsday Clock': This is how close we are to self
- Drake and SZA release first collab 'Slime You Out' ahead of Drake's new album: Listen
- One of Princess Diana's Legendary Sweaters Just Made History With $1.1 Million Sale at Auction
- Why Baseball Player Jackson Olson Feels Like He Struck Out With Taylor Swift
- Global Warming Set the Stage for Los Angeles Fires
- Erdogan says Turkey may part ways with the EU. He implied the country could ends its membership bid
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Why officials aren't calling this year's new COVID shots boosters
- Watch launch livestream: NASA astronaut, 2 Russian cosmonauts lift off to the ISS
- UNESCO puts 2 locations in war-ravaged Ukraine on its list of historic sites in danger
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Republican presidential hopefuls generally overlook New Hampshire in effort to blunt Trump in Iowa
- GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table
- 2023 Maui Invitational will be moved to Honolulu, keeping tournament in Hawaii
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Thousands of South Korean teachers are rallying for new laws to protect them from abusive parents
Two Vegas casinos fell victim to cyberattacks, shattering the image of impenetrable casino security
Biden says striking UAW workers deserve fair share of the benefits they help create for automakers
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Ovidio Guzman Lopez, son of El Chapo, brought to US: Sources
Q&A: The EPA Dropped a Civil Rights Probe in Louisiana After the State’s AG Countered With a Reverse Discrimination Suit
6 people accused of torturing, killing woman lured into religious group