Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Streamline Finance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 19:29:24
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! (1)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- On Facebook, some pro-Palestinian groups have become a hotbed of antisemitism, study says
- Kylie Jenner Reveals Where She Really Stands With Jordyn Woods
- At Sen. Bob Menendez’s bribery trial, prosecutors highlight his wife’s desperate finances
- Senate begins final push to expand Social Security benefits for millions of people
- Victoria Beckham Shares the Simple Reason She Keeps a “Very Disciplined” Diet
- McDonald's spinoff CosMc's launches app with rewards club, mobile ordering as locations expand
- Is Diddy getting charged? Former associates detail alleged history of abuse in new report
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Sofía Vergara Reveals She Gets Botox and Her Future Plastic Surgery Plans
Ranking
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Watch 'full-grown' rattlesnake surprise officer during car search that uncovered drugs, gun
- Riley Keough, Lily Gladstone on gut-wrenching 'Under the Bridge' finale, 'terrifying' bullying
- 2 climbers suffering from hypothermia await rescue off Denali, North America’s tallest mountain
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Suspect indicted in Alabama killings of 3 family members, friend
- What to know as Conservatives and Labour vie for votes 1 week into Britain’s election campaign
- Bachelor Nation’s Ryan Sutter Shares Message on “Right Path” After Trista Sutter’s Absence
Recommendation
Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
Bravo's Ladies of London Turns 10: Caroline Stanbury Reveals Which Costars She's Still Close With
Medical pot user who lost job after drug test takes case over unemployment to Vermont Supreme Court
Your 401(k) match is billed as free money, but high-income workers may be getting an unfair share
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
DNC plans to nominate Biden and Harris virtually before convention
Charges reduced against 3 facing prosecution in man’s death during admission to psychiatric hosptial
Iran has even more uranium a quick step from weapons-grade, U.N. says