Current:Home > MyToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthMindset Learning
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-14 18:15:23
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! (63844)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Interior Department rule aims to crack down on methane leaks from oil, gas drilling on public lands
- Julia Fox's Latest Look Proves She's Redefining How to Wear Winged Eyeliner Again
- 'Such a loss': 2 women in South Carolina Army National Guard died after head-on collision
- $73.5M beach replenishment project starts in January at Jersey Shore
- Warriors’ Draymond Green is ejected less than 4 minutes into game against Magic
- Suspect in 3 Pennsylvania killings makes initial court appearance on related New Jersey charges
- A $500K house was built on the wrong Hawaii lot. A legal fight is unfolding over the mix-up
- Sam Taylor
- Missouri boarding school closes as state agency examines how it responded to abuse claims
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- What to know about the cargo ship Dali, a mid-sized ocean monster that took down a Baltimore bridge
- South Carolina House OKs bill they say will keep the lights on. Others worry oversight will be lost
- Florida bed and breakfast for sale has spring swimming with manatees: See photos
- Buckingham Palace staff under investigation for 'bar brawl'
- Best remaining NFL free agents: Ranking 20 top players available, led by Justin Simmons
- New spicy Casey McQuiston book 'The Pairing' comes out this summer: What fans can expect
- Mega Millions has a winner! Lucky player in New Jersey wins $1.13 billion lottery jackpot
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
'Truth vs. Alex Jones': Documentary seeks justice for outrageous claims of Sandy Hook hoax
Mega Millions estimated $1.13 billion jackpot has one winning ticket, in New Jersey
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Middle of the Road
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
'Why wouldn't we?' Caitlin Clark offered $5 million by Ice Cube's BIG 3 league
House of Villains Season 2 Cast Revealed: Teresa Giudice, Richard Hatch and More
Sweet 16 bold predictions forecast the next drama in men's March Madness