Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthMindset Learning
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 15:09:20
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! (5726)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- College football top five gets overhaul as Georgia, Miami both tumble in US LBM Coaches Poll
- California voters reject proposed ban on forced prison labor in any form
- NASCAR Cup Series Championship race 2024: Start time, TV, live stream, odds, lineup
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Sister Wives’ Madison Brush Details Why She Went “No Contact” With Dad Kody Brown
- NASCAR Championship race live updates, how to watch: Cup title on the line at Phoenix
- 1 dead, 2 children injured in wrong-way crash; driver suspected of DWI: Reports
- DoorDash steps up driver ID checks after traffic safety complaints
- Trump announces Tom Homan, former director of immigration enforcement, will serve as ‘border czar’
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- 'SNL' stars jokingly declare support for Trump, Dana Carvey plays Elon Musk
- Research reveals China has built prototype nuclear reactor to power aircraft carrier
- The Army’s answer to a lack of recruits is a prep course to boost low scores. It’s working
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Utah AD Mark Harlan fined $40,000 for ripping referees and the Big 12 after loss to BYU
- Mike Tyson vs. Jake Paul stirs debate: Is this a legitimate fight?
- Wisconsin’s high court to hear oral arguments on whether an 1849 abortion ban remains valid
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
California voters reject proposed ban on forced prison labor in any form
Is Veterans Day a federal holiday? Here's what to know for November 11
Veterans face challenges starting small businesses but there are plenty of resources to help
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Elon Musk says 'SNL' is 'so mad' Trump won as he slams Dana Carvey's impression
NFL playoff picture Week 10: Lions stay out in front of loaded NFC field
Younghoo Koo takes blame for Falcons loss to Saints: 'This game is fully on me'