Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Legacy Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
TrendPulse Quantitative Think Tank Center View
Date:2025-03-11 11:13:05
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! (476)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Inside Indiana’s ‘Advanced’ Plastics Recycling Plant: Dangerous Vapors, Oil Spills and Life-Threatening Fires
- Shop the Summer Shoes From Schutz That Everyone’s Buying Right Now
- Tom Brady and Irina Shayk Spark Romance Rumors With Intimate L.A. Outing
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- In Oregon Timber Country, a Town Buys the Surrounding Forests to Confront Climate-Driven Wildfires
- ER Visits for Asthma in New York City Soared as Wildfire Smoke Blanketed the Region
- Prince George Is All Grown Up and Here to Make You Feel Old in 10th Birthday Portrait
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Shop the Summer Shoes From Schutz That Everyone’s Buying Right Now
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Austin Peay State Football Player Jeremiah Collins Dead at 18
- Maria Menounos and Husband Keven Undergaro Welcome First Baby via Surrogate
- Carlee Russell Searched For Taken, Amber Alert Before Disappearance, Police Say
- Former longtime South Carolina congressman John Spratt dies at 82
- Music Legend Tony Bennett Dead at 96
- RHONY's Luann de Lesseps Has the Best Reaction to Bethenny Frankel and Jill Zarin's Reunion
- How Selena Gomez Became the Mental Health Champion We All Needed
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
NASA's mission to purposely collide with asteroid sent 'swarm of boulders' into space
How the U.S. Women's National Soccer Team Captured Our Hearts
Kylie Jenner Sets Record Straight on Plastic Surgery Misconceptions
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
K-9 officer put on leave after police dog attacks surrendering suspect
YouTuber Annabelle Ham’s Cause of Death Revealed
Q&A: What to Do About Pollution From a Vast New Shell Plastics Plant in Pennsylvania