Current:Home > MyToyota 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:2025-04-12 07:42:46
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! (8199)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- San Francisco 49ers have gold rush in second half of NFC championship
- Americans don't sleep enough. The long-term effects are dire, especially for Black people
- Police ID man accused of fleeing with suspect’s gun after officer shot, suspect killed
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Poland protests error in a social media post by EU chief suggesting Auschwitz death camp was Polish
- Former New Jersey public official gets probation after plea to misusing township workers
- Small town residents unite to fight a common enemy: A huge monkey farm
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- North Korea says leader Kim supervised tests of cruise missiles designed to be fired from submarines
Ranking
- Tom Holland's New Venture Revealed
- Watch: Taylor Swift and Travis Kelce share celebratory kiss after Chiefs win AFC championship
- Wisconsin woman involved in Slender Man attack as child seeks release from psychiatric institute
- More highlights from the 2024 Sundance Film Festival
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 2 accused of racing held for trial in crash with school van that killed a teen and injured others
- 2 accused of racing held for trial in crash with school van that killed a teen and injured others
- Dying thief who stole ‘Wizard of Oz’ ruby slippers from Minnesota museum will likely avoid prison
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Nelly Korda defeats Lydia Ko in sudden-death playoff to capture LPGA Drive On Championship
Transitional housing complex opens in Atlanta, cities fight rise in homelessness
See the moment climate activists throw soup at the ‘Mona Lisa’ in Paris
Global Warming Set the Stage for Los Angeles Fires
Nelly Korda defeats Lydia Ko in sudden-death playoff to capture LPGA Drive On Championship
CIA Director William Burns to hold Hamas hostage talks Sunday with Mossad chief, Qatari prime minister
A woman's 1959 bridal photos were long lost. Now the 85-year-old has those memories back.