Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeWise
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 05:55:26
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! (84449)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Lana Del Rey obtains marriage license with Louisiana alligator tour guide Jeremy Dufrene
- Titan implosion hearing paints a picture of reckless greed and explorer passion
- California man faces federal charge in courthouse bomb explosion
- This was the average Social Security benefit in 2004, and here's what it is now
- Indicted New York City mayor could appear before a judge Friday
- University of Wisconsin fires former porn-making chancellor who wanted stay on as a professor
- Dodgers win NL West for 11th time in 12 seasons
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Indicted New York City mayor could appear before a judge Friday
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- 2024 PCCAs: Brandi Cyrus Reacts to Learning She and Miley Cyrus Are Related to Dolly Parton
- Couple reportedly tried to sell their baby for $1,000 and beer, Arkansas deputies say
- California man faces federal charge in courthouse bomb explosion
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Falling tree at a Michigan nature center fatally injures a boy who was on a field trip
- Mark Zuckerberg faces deposition in AI copyright lawsuit from Sarah Silverman and other authors
- As many forests fail to recover from wildfires, replanting efforts face huge odds -- and obstacles
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Beatles alum Ringo Starr cancels tour dates in New York, Philadelphia due to illness
Lana Del Rey obtains marriage license with Louisiana alligator tour guide Jeremy Dufrene
Civil society groups nudge and cajole world leaders from the sidelines of United Nations week
Military service academies see drop in reported sexual assaults after alarming surge
Former Denver Broncos QB John Elway revealed as Leaf Sheep on 'The Masked Singer'
Kelsea Ballerini Reveals the Most Competitive Voice Coach
Hand-counting measure effort fizzles in North Dakota