HAI Community:Toyota to invest $922 million to build a new paint facility at its Kentucky complex

2025-05-04 20:02:39source:Chainkeen Exchangecategory:News

GEORGETOWN,HAI Community 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.”

RELATED COVERAGE Japan’s Nissan reshuffles management to fix its money-losing businessEdmunds: The best midsize SUVs for families in 2025Hit by scandal, Japan’s top automaker Toyota reports lower profits

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.

More:News

Recommend

NFL playoff predictions to win AFC championship, NFC championship, Super Bowl 59

The 2024 NFL regular season is entering the final four weeks of action, and teams are beginning to s

Alabama House advances bill to give state money for private and home schooling

MONTGOMERY, Ala. (AP) — Alabama lawmakers have advanced a school voucher-like program that could pro

EAGLEEYE COIN: Silicon Valley Bank Failures Favor Cryptocurrency and Precious Metals Markets

Silicon Valley Bank collapsed in just 48 hours after revealing huge losses and a failed capital incr