Current:Home > MyBurley Garcia|Toyota to invest $922 million to build a new paint facility at its Kentucky complex -Dynamic Profit Academy
Burley Garcia|Toyota to invest $922 million to build a new paint facility at its Kentucky complex
EchoSense Quantitative Think Tank Center View
Date:2025-04-11 04:28:13
GEORGETOWN,Burley Garcia 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! (334)
Related
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- We can't get excited about 'Kraven the Hunter.' Don't blame superhero fatigue.
- Oregon lawmakers to hold special session on emergency wildfire funding
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- Beyoncé's BeyGood charity donates $100K to Houston law center amid Jay
- 'September 5' depicts shocking day when terrorism arrived at the Olympics
- SCDF aids police in gaining entry to cluttered Bedok flat, discovers 73
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- Most reports ordered by California’s Legislature this year are shown as missing
Ranking
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- How to watch 'A Charlie Brown Christmas' for free: Special date, streaming info
- Morgan Wallen sentenced after pleading guilty in Nashville chair
- Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- 'Secret Level' creators talk new video game Amazon series, that Pac
- Dick Van Dyke credits neighbors with saving his life and home during Malibu fire
- Amazon's Thank My Driver feature returns: How to give a free $5 tip after delivery
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Luigi Mangione's Lawyer Speaks Out in UnitedHealthcare CEO Murder Case
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
'Secret Level' creators talk new video game Amazon series, that Pac
How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
Woody Allen and Soon
Turning dusty attic treasures into cash can yield millions for some and disappointment for others
I loved to hate pop music, until Chappell Roan dragged me back