Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthRoots Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-11 20:39:23
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! (7)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- How Wildfire Smoke from Australia Affected Climate Events Around the World
- Environmental Justice Advocates Urge California to Stop Issuing New Drilling Permits in Neighborhoods
- Why Matt Damon Negotiated Extensively With Wife Luciana in Couples Therapy Over Oppenheimer Role
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- North Texas Suburb Approves New Fracking Zone Near Homes and Schools
- Inexpensive Solar Panels Are Essential for the Energy Transition. Here’s What’s Happening With Prices Right Now
- States Test an Unusual Idea: Tying Electric Utilities’ Profit to Performance
- Small twin
- Q&A: Kate Beaton Describes the Toll Taken by Alberta’s Oil Sands on Wildlife and the Workers Who Mine the Viscous Crude
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- invisaWear Smart Jewelry and Accessories Are Making Safety Devices Stylish
- Below Deck Sailing Yacht's Mads Slams Gary Following Their Casual Boatmance
- Solar Is Booming in the California Desert, if Water Issues Don’t Get in the Way
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- As Water Levels Drop, the Risk of Arsenic Rises
- Save 70% On Coach Backpacks for School, Travel, Commuting, and More
- Victoria Beckham Trolls David Beckham for Slipping at Lionel Messi's Miami Presentation
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Noting a Mountain of Delays, California Lawmakers Advance Bills Designed to Speed Grid Connections
Log and Burn, or Leave Alone? Indiana Residents Fight US Forest Service Over the Future of Hoosier National Forest
Ohio Environmentalists, Oil Companies Battle State Over Dumping of Fracking Wastewater
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
An Ohio College Town Wants to Lead on Fighting Climate Change. It Also Has a 1940s-Era, Diesel-Burning Power Plant
How Dueling PDFs Explain a Fight Over the Future of the Grid
Global Warming Fueled Both the Ongoing Floods and the Drought That Preceded Them in Italy’s Emilia-Romagna Region