Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthFlow Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-15 05:39:17
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! (56624)
Related
- South Korean president's party divided over defiant martial law speech
- David Hasselhoff Is a Grandpa, Daughter Taylor Welcomes First Baby With Madison Fiore
- Oklahoma city approves $7M settlement for man wrongfully imprisoned for decades
- Kaley Cuoco and Tom Pelphrey announce engagement with new photos
- Sonya Massey's father decries possible release of former deputy charged with her death
- Iran police shot a woman while trying to seize her car over hijab law violation, activists say
- Pro-Palestinian protesters who blocked road near Sea-Tac Airport to have charges dropped
- Chicago police chief highlights officer training as critical to Democratic convention security
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Collin Gosselin claims he was discharged from Marines due to institutionalization by mom Kate
Ranking
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Georgia mayor faces felony charges after investigators say he stashed alcohol in ditch for prisoners
- The Notebook Actress Gena Rowlands Dead at 94
- Gabourey Sidibe Shares Sweet Photo of Her 4-Month-Old Twin Babies
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Candace Cameron Bure remembers playing 'weird' evil witch on 'Boy Meets World'
- Video shows 2 toddlers in diapers, distraught in the middle of Texas highway after crash
- Chet Hanks Details Losing 27 Pounds in 3 Days at Rock Bottom Before Sobriety Journey
Recommendation
Intellectuals vs. The Internet
Meta kills off misinformation tracking tool CrowdTangle despite pleas from researchers, journalists
Big Georgia county to start charging some costs to people who challenge the eligibility of voters
How 'Millionaire' host Jimmy Kimmel helped Team Barinholtz win stunning top prize
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Social media celebrates Chick-Fil-A's Banana Pudding Milkshake: 'Can I go get in line now?'
Naomi Osaka receives US Open wild card as she struggles to regain form after giving birth
'Unique and eternal:' Iconic Cuban singer Celia Cruz is first Afro-Latina on a US quarter