Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -ApexWealth
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 22:37:09
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! (16)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Audit finds Wisconsin Capitol Police emergency response times up, calls for better tracking
- United Methodists begin to reverse longstanding anti-LGBTQ policies
- Gypsy Rose Blanchard Rekindles Romance With Ex Ken Urker Amid Ryan Anderson Break Up
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, PB&J
- Barbra Streisand Clarifies Why She Asked Melissa McCarthy About Ozempic
- Suspect named, 2 people being questioned after 4 officers killed serving warrant in NC
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Why Kourtney Kardashian Wants to Change Initials of Her Name
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Pennsylvania moves to join states that punish stalkers who use Bluetooth tracking devices
- WWE Draft results: Here are the new rosters for Raw, SmackDown after 2024 draft
- Midtown Jane Doe cold case advances after DNA links teen murdered over 50 years ago to 9/11 victim's mother
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Neighbor describes bullets flying, officers being hit in Charlotte, NC shooting
- U.S. officials are bracing for another summer of dangerous heat. These maps show where it's most likely to happen.
- Why Darren Criss Says He Identifies as Culturally Queer
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Lottery bids for skilled-worker visas plunge in the US after changes aimed at fraud and abuse
Climate change could virtually disappear in Florida — at least according to state law
Drew Barrymore tells VP Kamala Harris 'we need you to be Momala,' draws mixed reactions
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Kentucky man on death row for killing 3 children and raping their mother has died
Apple juice lot recalled due to high arsenic levels; product sold at Publix, Kroger, more
Homeless families face limits on shelter stays as Massachusetts grapples with migrant influx