Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Harmony Labs
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-13 17:15:04
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! (5)
Related
- Trump wants to turn the clock on daylight saving time
- Online rumors partially to blame for drop in water pressure in Mississippi capital, manager says
- Fans sue Madonna, Live Nation over New York concert starting 2 hours late
- Developers Seek Big Changes to the Mountain Valley Pipeline’s Southgate Extension, Amid Sustained Opposition
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Two young children die in Missouri house explosion; two adults escape serious injury
- Biden forgives $5 billion more in student loan debt. Here's who qualifies and how to apply.
- Kids can benefit from having access to nature. This photographer is bringing trees into classrooms – on the ceiling.
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- U.S. House hearing on possible college sports bill provides few answers about path ahead
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Boeing 747 cargo plane with reported engine trouble makes emergency landing in Miami
- Court ruling could mean freedom for hundreds serving life sentences in Michigan
- Four Las Vegas high school students indicted on murder charges in deadly beating of schoolmate
- What do we know about the mysterious drones reported flying over New Jersey?
- 'Cozy' relationship between Boeing and the U.S. draws scrutiny amid 737 Max 9 mess
- African leaders criticize Israel’s military campaign in Gaza and call for an immediate cease-fire
- Man gets 65 years in prison for Des Moines school shooting that killed 2 students
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Proof Emily in Paris Season 4 Is Closer Than You Think
BookWoman in Austin champions queer, feminist works: 'Fighting for a better tomorrow'
Kraft Singles introduces 3 new cheese flavors after 10 years
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Human head and hands found in Colorado freezer during cleanup of recently sold house
These Are the Best No Show Underwear To Wear Beneath Leggings
Suspect in professor’s shooting at North Carolina university bought gun, went to range, warrants say