Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -Thrive Financial Network
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 04:51:32
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! (41258)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- How Senegal's artists are changing the system with a mic and spray paint
- Climate activists are fuming as Germany turns to coal to replace Russian gas
- What Larsa Pippen's Real Housewives of Miami Co-Stars Really Think of Her Boyfriend Marcus Jordan
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- We're Obsessed With the Mermaidcore Aesthetic for Summer: 17 Wearable Pieces to Take on the Trend
- Here's what happened on day 3 of the U.N.'s COP27 climate talks
- Climate Tipping Points And The Damage That Could Follow
- US appeals court rejects Nasdaq’s diversity rules for company boards
- A guide to the types of advisories issued during hurricane season
Ranking
- Meta releases AI model to enhance Metaverse experience
- Floods took their family homes. Many don't know when — or if — they'll get help
- EPA's proposal to raise the cost of carbon is a powerful tool and ethics nightmare
- Climate change is fueling more conflict between humans and wildlife
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Climate change likely helped cause deadly Pakistan floods, scientists find
- Look Back on Keanu Reeves and Alexandra Grant's Low-Key Romance
- Heavy rain is still hitting California. A few reservoirs figured out how to capture more for drought
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Why Women Everywhere Love Ashley Tisdale's Being Frenshe Beauty, Wellness & Home Goods
Travis Barker’s Daughter Alabama Shares Why Kourtney Kardashian Is the Best Stepmom
Arctic chill brings record low temperatures to the Northeast
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Are climate change emissions finally going down? Definitely not
Ariana Madix Makes Out With Daniel Wai at Coachella After Tom Sandoval Breakup
Where Greta Thunberg does (and doesn't) expect to see action on climate change