Current:Home > ScamsToyota to invest $922 million to build a new paint facility at its Kentucky complex -RiskRadar
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Robert Brown View
Date:2025-04-06 06:38:17
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! (8)
Related
- What to watch: O Jolie night
- Step Inside the Pink PJ Party Kim Kardashian Hosted for Daughter North West's 10th Birthday
- BP Pledges to Cut Oil and Gas Production 40 Percent by 2030, but Some Questions Remain
- China, India Emissions Pledges May Not Be Reducing Potent Pollutants, Study Shows
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- How Maryland’s Preference for Burning Trash Galvanized Environmental Activists in Baltimore
- Listener Questions: Airline tickets, grocery pricing and the Fed
- Fisher-Price reminds customers of sleeper recall after more reported infant deaths
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Rebel Wilson Shares Glimpse Into Motherhood With “Most Adorable” Daughter Royce
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Millions of workers are subject to noncompete agreements. They could soon be banned
- How Maryland’s Preference for Burning Trash Galvanized Environmental Activists in Baltimore
- How the Paycheck Protection Program went from good intentions to a huge free-for-all
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Tighten, Smooth, and Firm Skin With a 70% Off Deal on the Peter Thomas Roth Instant Eye Tightener
- Al Pacino, 83, Welcomes First Baby With Girlfriend Noor Alfallah
- FBI looking into Biden Iran envoy Rob Malley over handling of classified material, multiple sources say
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Bachelor Nation’s Kelley Flanagan Debuts New Romance After Peter Weber Breakup
Bed Bath & Beyond warns that it may go bankrupt
At a French factory, the newest employees come from Ukraine
Could your smelly farts help science?
Battered, Flooded and Submerged: Many Superfund Sites are Dangerously Threatened by Climate Change
Madonna says she's on the road to recovery and will reschedule tour after sudden stint in ICU
Two Louisiana Activists Charged with Terrorizing a Lobbyist for the Oil and Gas Industry