Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -QuantumFunds
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-28 13:25:08
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! (4967)
Related
- North Carolina justices rule for restaurants in COVID
- Power Giant AEP Talks Up Clean Energy, but Coal Is Still King in Its Portfolio
- New Oil Projects Won’t Pay Off If World Meets Paris Climate Goals, Report Shows
- What are red flag laws — and do they work in preventing gun violence?
- What do we know about the mysterious drones reported flying over New Jersey?
- The Trump Administration Moves to Open Alaska’s Tongass National Forest to Logging
- Rumer Willis Recalls Breaking Her Own Water While Giving Birth to Baby Girl
- Experts Divided Over Safety of Indian Point Nuclear Power Plant
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Activists Gird for a Bigger Battle Over Oil and Fumes from a Port City’s Tank Farms
Ranking
- Tom Holland's New Venture Revealed
- In ‘After Water’ Project, 12 Writers Imagine Life in Climate Change-Altered Chicago
- Christine King Farris, sister of Martin Luther King Jr., dies at age 95
- House Votes to Block Trump from Using Clean Energy Funds to Back Fossil Fuels Project
- Louvre will undergo expansion and restoration project, Macron says
- Carbon capture technology: The future of clean energy or a costly and misguided distraction?
- New York Assembly Approves Climate Bill That Would Cut Emissions to Zero
- Environmental Justice Knocks Loudly at the White House
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
A German Initiative Seeks to Curb Global Emissions of a Climate Super-Pollutant
Virginia sheriff gave out deputy badges in exchange for cash bribes, feds say
Air Monitoring Reveals Troubling Benzene Spikes Officials Don’t Fully Understand
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Chrissy Teigen Believed She Had an Identical Twin After Insane DNA Test Mishap
U.S. hostage envoy says call from Paul Whelan after Brittney Griner's release was one of the toughest he's ever had
Harvard, universities across U.S. react to Supreme Court's affirmative action ruling