Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthPro Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 11:09:57
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! (6)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Carbon Credit Market Seizes On a New Opportunity: Plugging Oil and Gas Wells
- Students and Faculty at Ohio State Respond to a Bill That Would Restrict College Discussions of Climate Policies
- In the Florida Panhandle, a Black Community’s Progress Is Threatened by a Proposed Liquified Natural Gas Plant
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Hobbled by Bureaucracy, a German R&D Program Falls Short of Climate-Friendly Goals
- Sister Wives' Gwendlyn Brown Marries Beatriz Queiroz
- As Extreme Fires Multiply, California Scientists Zero In on How Smoke Affects Pregnancy and Children
- $73.5M beach replenishment project starts in January at Jersey Shore
- Developer Confirms Funding For Massive Rio Grande Gas Terminal
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Sofía Vergara Shares Glimpse Inside Italian Vacation Amid Joe Manganiello Breakup
- Khloe Kardashian Films Baby Boy Tatum’s Milestone Ahead of First Birthday
- Nearly 1 in 5 Americans Live in Communities With Harmful Air Quality, Study Shows
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Fossil Fuel Companies Should Pay Trillions in ‘Climate Reparations,’ New Study Argues
- Shell Agrees to Pay $10 Million After Permit Violations at its Giant New Plastics Plant in Pennsylvania
- Cities Stand to Win Big With the Inflation Reduction Act. How Do They Turn This Opportunity Into Results?
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
As Extreme Fires Multiply, California Scientists Zero In on How Smoke Affects Pregnancy and Children
Save Up to 97% On Tarte Cosmetics: Get $252 Worth of Eyeshadow for $28 and More Deals on Viral Products
Climate Change Forces a Rethinking of Mammoth Everglades Restoration Plan
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
As Water Levels Drop, the Risk of Arsenic Rises
In the Florida Panhandle, a Black Community’s Progress Is Threatened by a Proposed Liquified Natural Gas Plant
Fossil Fuel Companies and Cement Manufacturers Could Be to Blame for a More Than a Third of West’s Wildfires