Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -MacroWatch
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-28 01:16:14
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! (22498)
Related
- Arkansas State Police probe death of woman found after officer
- Elon Musk says he's willing to buy Twitter after all
- Jeremy Scott Steps Down as Moschino's Creative Director After a Decade
- Apple warns of security flaws in iPhones, iPads and Macs
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- As Germany struggles in energy crisis, more turn to solar to help power homes
- The White House calls for more regulations as cryptocurrencies grow more popular
- Privacy advocates fear Google will be used to prosecute abortion seekers
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Gina Rodriguez Gives Birth, Welcomes First Baby With Joe LoCicero
Ranking
- Bodycam footage shows high
- Simple DIY maintenance tasks that will keep your car running smoothly — and save money
- El Chapo sons deny U.S. fentanyl indictment accusations, claim they are scapegoats
- Paris Hilton Is Sliving for the Massive Baby Gift the Kardashians Gave Her Son Phoenix
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Tommy Lee's nude photo sparks backlash over double-standard social media censorship
- He got an unexplained $250,000 payment from Google. The company says it was a mistake
- Twitter takes Elon Musk to court, accusing him of bad faith and hypocrisy
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Biden signs semiconductor bill into law, though Trump raid overshadows event
The U.S. made a breakthrough battery discovery — then gave the technology to China
Serbia school shooting leaves 8 students and a guard dead as teen student held as suspect
Retirement planning: 3 crucial moves everyone should make before 2025
A former CIA engineer is convicted in a massive theft of secrets released by WikiLeaks
You can find the tech behind the Webb telescope down here on Earth
Twitter says it's testing an edit button — after years of clamoring from users