Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -Legacy Build Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-27 23:04:19
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! (3798)
Related
- Could your smelly farts help science?
- 'The Crow' original soundtrack was iconic. This new one could be, too.
- Ohio prison holds first-ever five-course meal open to public on facility grounds
- Defendant in Titan submersible wrongful death lawsuit files to move case to federal court
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Hiker's body found in Grand Canyon after flash floods; over 100 airlifted to safety
- Legendary USA TODAY editor Bob Dubill dies: 'He made every newsroom better'
- The shooting death of a 16-year-old girl by police is among a spate that’s upset Anchorage residents
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Blake Lively Celebrates Birthday With Taylor Swift and More Stars at Singer's Home
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Former MMA fighter Ronda Rousey apologizes for posting Sandy Hook conspiracy online 11 years ago
- US Open 2024: Olympic gold medalist Zheng rallies to win her first-round match
- Mega Millions winning numbers for August 23 drawing; Jackpot soars to $575 million
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Former England national soccer coach Sven-Goran Eriksson dies at 76
- Double-duty Danny Jansen plays for both teams in one MLB game. Here’s how
- Four men found dead in a park in northwest Georgia, investigation underway
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
The shooting death of a 16-year-old girl by police is among a spate that’s upset Anchorage residents
Walz’s exit from Minnesota National Guard left openings for critics to pounce on his military record
Alabama high school football player dies after suffering injury during game
Pressure on a veteran and senator shows what’s next for those who oppose Trump
The Best Gifts for Every Virgo in Your Life
Trump would veto legislation establishing a federal abortion ban, Vance says
High School Football Player Caden Tellier Dead at 16 After Suffering Head Injury During Game