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:2025-04-14 20:06:21
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! (8934)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- BeReal is Gen Z's new favorite social media app. Here's how it works
- Halle Berry Shares Rare Photos of 15-Year-Old Daughter Nahla in Birthday Tribute
- Transcript: Rep. Tony Gonzales on Face the Nation, April 30, 2023
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Will Elon Musk turn activist at Twitter?
- Twitter reaches deal to sell to Elon Musk for about $44 billion
- See Liam Payne and Louis Tomlinson's Beautiful One Direction Reunion
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Amazon's Alexa could soon speak in a dead relative's voice, making some feel uneasy
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Emily Ratajkowski Broke Up With Eric André Before He Posted That NSFW Photo
- Kenya starvation cult death toll hits 90 as morgues fill up: Nothing prepares you for shallow mass graves of children
- There's a new plan to regulate cryptocurrencies. Here's what you need to know
- The Best Stocking Stuffers Under $25
- What Caelynn Miller-Keyes Really Thinks of Dean Unglert's Vasectomy Offer
- Telegram is the app of choice in the war in Ukraine despite experts' privacy concerns
- Russia hits Ukraine with deadly missile salvo, killing 23
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Biden administration to let Afghan evacuees renew temporary legal status amid inaction in Congress
What does a black hole sound like? NASA has an answer
Elon Musk says he will not join the Twitter board, after all
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Georgina Rodríguez Gets Emotional Recalling “Worst Moment” Losing Her and Cristiano Ronaldo’s Baby Boy
EU law targets Big Tech over hate speech, disinformation
Netflix will officially start charging for password sharing in 2023