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:2025-04-15 18:31:55
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! (75735)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- At Essence, Black Democrats rally behind Biden and talk up Kamala Harris
- NASCAR at Chicago 2024: Start time, TV, streaming, lineup for Grant Park 165
- Judy Belushi Pisano, actress and widow of John Belushi, dies at 73
- 2025 'Doomsday Clock': This is how close we are to self
- Copa America 2024: Results, highlights as Colombia dominates Panama 5-0
- Stock market today: Asian stocks mostly fall, Euro drop on French election outcome
- Marlon Wayans says he was wrong person to rob after home burglary
- The Daily Money: Spending more on holiday travel?
- Crew of NASA’s earthbound simulated Mars habitat emerge after a year
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Floodwaters erode area around Wisconsin dam, force evacuations
- Caitlin Clark notches WNBA's first ever rookie triple-double as Fever beat Liberty
- Romanian court says social media influencer Andrew Tate can leave country, but must stay in E.U.
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- MLB All-Star Game rosters: American League, National League starters, reserves, pitchers
- Padres place pitcher Yu Darvish on restricted list; out indefinitely
- 2024 WNBA Rookie of the Year award rankings by odds
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Wisconsin Supreme Court allows expanded use of ballot drop boxes in 2024 election
Texas on alert as Beryl churns closer; landfall as hurricane likely
2024 WNBA Rookie of the Year award rankings by odds
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Travis Kelce, Patrick Mahomes cheer on Taylor Swift at Eras Tour in Amsterdam
Biden campaign provided a list of approved questions for 2 radio interviews
Michigan friends recount the extraordinary moment they rescued a choking raccoon