A Fresh Coat: Toyota Kentucky Invests $922 Million to Build Advanced Paint Facility
Rhea-AI Summary
Toyota has announced a $922 million investment to build an advanced paint facility at its Kentucky plant, scheduled to open in 2027. The new facility will add 1 million square feet of capacity while reducing carbon emissions by 30% and water usage by 1.5 million gallons annually. This investment follows a $1.3 billion announcement earlier this year for an all-new electric SUV production.
The Kentucky plant, employing approximately 10,000 people, has received over $11 billion in investments since 1986. The new paint facility will improve operational efficiencies, reduce environmental impacts, and enhance vehicle finish quality, supporting Toyota's goal to achieve zero carbon emissions by 2050. Since 2020, Toyota has invested more than $20 billion in U.S. manufacturing operations to support electrification efforts.
Positive
- Investment of $922 million in advanced paint facility
- 30% reduction in carbon emissions expected
- Addition of 1 million square feet of production capacity
- Previous $1.3 billion investment for electric SUV production
- Strong employment base of 10,000 workers in Kentucky
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TM declined 0.70%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Company remains committed to reinvesting in
Scheduled to open in 2027, the facility will add 1 million square-feet of capacity while decreasing carbon emissions by 30 percent and water usage by 1.5 million gallons per year. The project further supports plant efforts to increase flexibility for future vehicle production and moves Toyota forward in its goal to achieve zero carbon emissions by 2050.
The initiative builds on the company's latest paint technologies to reduce production lead time, improve process accuracy and offer more diverse color options that helps Toyota vehicles stand out.
"Not only will our customers get the dynamic and stylish exterior finishes they love, but 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."
This news follows a
"This year alone more than
With approximately 10,000 employees, Toyota Kentucky is a thriving operation responsible for assembly of some of the most popular nameplates in the entire Toyota lineup, including the Camry Hybrid and RAV4 Hybrid.
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Since 2020, Toyota has announced new investments of more than
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the
Toyota directly employs nearly 48,000 people in the
To help inspire the next generation for careers in advanced manufacturing, Toyota launched its in-person tour booking platform and virtual tour experience at www.TourToyota.com allowing guests to schedule a live tour to see several of our
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Media Contact:
Kim Ogle
Kim.ogle@toyota.com
502-868-2135
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SOURCE Toyota Motor North America