Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealthify
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-26 07:27:27
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! (9)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Adele Reveals She's 3 Months Sober From Alcohol
- Lane Kiffin trolls Auburn with a 'dabbing' throwback to Iron Bowl loss
- There's one business like show business
- 'Most Whopper
- AP PHOTOS: Anger boils and desperation widens in war’s 12th day
- Remains of at least 189 people removed from funeral home that offered green burials without embalming fluid
- Trump's frustration builds at New York civil fraud trial as lawyer asks witness if he lied
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Italian lawmakers approve 10 million euros for long-delayed Holocaust Museum in Rome
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- The trees arrived with Polynesian voyagers. After Maui wildfire, there’s a chance to restore them
- 'Keep it going': Leading ALCS, Rangers get Max Scherzer return for Game 3 vs. Astros
- Elephant dies at St. Louis Zoo shortly after her herd became agitated from a dog running loose
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- U.N. peacekeepers in Mali withdraw from two bases in the north as fighting intensifies
- Michigan Gov. Whitmer's office reports breach of summer home
- Jets trading Mecole Hardman back to the Chiefs in a deal that includes draft picks, AP source says
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
'The Voice': Gwen Stefani and John Legend go head-to-head in first battle of Season 24
Will Smith Speaks Out on Tumultuous Jada Pinkett Smith Relationship
3 children killed in New Orleans house fire allegedly set by their father: Police
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Britney Spears Accuses Justin Timberlake of Cheating on Her With Another Celebrity
Dancing With the Stars’ Sharna Burgess Shares the “Only Reason” She Didn’t Get a Boob Job
Pakistan court grants protection from arrest to ex-leader Nawaz Sharif, allowing his return home