Current:Home > NewsSurpassing:Toyota to invest $922 million to build a new paint facility at its Kentucky complex -CapitalSource
Surpassing:Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Algosensey Quantitative Think Tank Center View
Date:2025-04-11 04:32:16
GEORGETOWN,Surpassing 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! (98263)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Cantrell hit with ethics charges over first-class flight upgrades
- A shooting at a Texas flea market killed a child and wounded 4 other people, police say
- Pope Francis removes critic and firebrand Texas Bishop Joseph Strickland from diocese
- Small twin
- Boise State fires coach Andy Avalos amid third straight season with at least four losses
- Las Vegas hotel and casino workers reach tentative deals to avoid strike
- Saving Brazil’s golden monkey, one green corridor at a time
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Florida-bound passenger saw plane was missing window thousands of feet in the air, U.K. investigators say
Ranking
- The White House is cracking down on overdraft fees
- IKEA recalls more than 25,000 mirrors for possible falling, shattering risk
- The 18 Best Deals on Christmas Trees That Are Easy to Assemble
- Dozens of migrants are missing after a boat capsized off Yemen, officials say
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Over 30 workers are trapped after a portion of a tunnel under construction collapses in India
- Jim Harbaugh restraining order hearing scheduled for Friday; coach suspended vs. Penn State
- Thousands march through Amsterdam calling for climate action ahead of Dutch general election
Recommendation
What to watch: O Jolie night
How many post-credit scenes and cameos in 'The Marvels'? All the best movie spoilers here
College football Week 11 grades: Michigan misses mark crying over Jim Harbaugh suspension
Mega Millions jackpot grows to $223 million. See winning numbers for Nov. 10.
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Taylor Swift Gives Travis Kelce a Shoutout By Changing the Lyrics of Karma During Argentina Show
After barren shelves and eye-watering price mark-ups, is the Sriracha shortage over?
Chrissy Teigen Laughs Off Wardrobe Malfunction at Star-Studded Baby2Baby Gala 2023