Current:Home > MarketsToyota 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:2025-04-19 02:11:58
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! (8785)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Why members of two of EPA's influential science advisory committees were let go
- Current, future North Carolina governor’s challenge of power
- Louvre will undergo expansion and restoration project, Macron says
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Why members of two of EPA's influential science advisory committees were let go
- Current, future North Carolina governor’s challenge of power
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Nearly half of US teens are online ‘constantly,’ Pew report finds
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Arkansas State Police probe death of woman found after officer
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
The Grammy nominee you need to hear: Esperanza Spalding
A White House order claims to end 'censorship.' What does that mean?
Dick Vitale announces he is cancer free: 'Santa Claus came early'
SFO's new sensory room helps neurodivergent travelers fight flying jitters
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
EU countries double down on a halt to Syrian asylum claims but will not yet send people back