Current:Home > StocksToyota 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:2025-04-14 06:27:06
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! (6)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Longtime Mexican drug cartel leader set to be arraigned in New York
- Influencer Suellen Carey Divorces Herself After Becoming Exhausted During One-Year Marriage
- Meadow Walker Shares Gratitude for Late Dad Paul Walker in Heartbreaking Birthday Message
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Max Verstappen has a ‘monster’ to tame in Baku as Red Bull’s era of F1 dominance comes under threat
- A mystery that gripped the internet for years has been solved: Meet 'Celebrity Number Six'
- Oklahoma governor delays vote on minimum wage hike until 2026
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Congressional Democrats push resolution that says hospitals must provide emergency abortions
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- The seven college football games you can't miss in Week 3 includes some major rivalries
- Election 2024 Latest: Harris concentrates on Pennsylvania while Trump stumps in the West
- NFL Week 2 picks straight up and against spread: Will Chiefs or Bengals win big AFC showdown?
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Ex-Massachusetts lawmaker convicted of scamming pandemic unemployment funds
- Amazon boosts pay for subcontracted delivery drivers amid union pressure
- Demi Lovato Has the Sweetest Reaction to Sister Madison De La Garza’s Pregnancy
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
'Focus on football'? Deshaun Watson, Browns condescend once again after lawsuit
The ACLU commits $2 million to Michigan’s Supreme Court race for reproductive rights ads
Pilots of an Alaska Airlines jet braked to avoid a possible collision with a Southwest plane
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
This anti-DEI activist is targeting an LGBTQ index. Major companies are listening.
A man pleads guilty in a shooting outside then-US Rep. Zeldin’s New York home
1 person shot during scuffle at pro-Israel rally in Boston suburb, authorities say