Current:Home > MyChainkeen|Toyota to invest $922 million to build a new paint facility at its Kentucky complex -Finovate
Chainkeen|Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Will Sage Astor View
Date:2025-04-08 01:37:45
GEORGETOWN,Chainkeen 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! (9726)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- The new COVID booster could be the last you'll need for a year, federal officials say
- Tourists at Yellowstone picked up a baby elk and drove it in their car, officials say
- Judge agrees to reveal backers of George Santos' $500,000 bond, but keeps names hidden for now
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Nearly 8 million kids lost a parent or primary caregiver to the pandemic
- Cisco Rolls Out First ‘Connected Grid’ Solution in Major Smart Grid Push
- Today’s Climate: June 2, 2010
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Whatever happened to the Malawian anti-plastic activist inspired by goats?
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Arctic Report Card: Lowest Sea Ice on Record, 2nd Warmest Year
- Nearly 8 million kids lost a parent or primary caregiver to the pandemic
- Driver charged after car jumps curb in NYC, killing pedestrian and injuring 4 others
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Demand for Presidential Climate Debate Escalates after DNC Says No
- Congress Launches Legislative Assault on Obama Administration’s Clean Power Plan
- This Mexican clinic is offering discreet abortions to Americans just over the border
Recommendation
Federal hiring is about to get the Trump treatment
Summer House: Martha's Vineyard Stars Explain the Vacation Spot's Rich Black History
Congress Launches Legislative Assault on Obama Administration’s Clean Power Plan
Arctic Sea Ice Hits Record Lows Off Alaska
US appeals court rejects Nasdaq’s diversity rules for company boards
This Mexican clinic is offering discreet abortions to Americans just over the border
Judge Elizabeth Scherer allowed her emotions to overcome her judgment during Parkland school shooting trial, commission says
Kate Middleton Rules With Her Fabulous White Dress Ahead of King Charles III's Coronation