Current:Home > NewsToyota 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:2025-04-12 11:51:03
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! (771)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- The Daily Money: No more sneaking into the Costco food court?
- Queen Camilla Shares Update on Kate Middleton After Cancer Diagnosis
- A solution to the retirement crisis? Americans should work for more years, BlackRock CEO says
- The company planning a successor to Concorde makes its first supersonic test
- Why Jennifer Garner's Vital—Not Viral—Beauty Tips Are Guaranteed to Influence You
- Debate emerges over whether modern protections could have saved Baltimore bridge
- Crowns, chest bumps and swagger: In March Madness, the handshake isn’t just for high fives anymore
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Celeb Trainer Gunnar Peterson Shares 4-Year-Old Daughter's Cancer Diagnosis
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- When is the 2024 total solar eclipse? Your guide to glasses, forecast, where to watch.
- Sophia Smith, Portland Thorns sign contract making her NWSL's highest-paid player
- A man has been arrested for randomly assaulting a young woman on a New York City street
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Hawaii says 30 Lahaina fire survivors are moving into housing daily but 3,000 are still in hotels
- Jill Biden wrote children’s book about her White House cat, Willow, that will be published in June
- Netanyahu cancels delegation to U.S. after it abstains from cease-fire vote at U.N.
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
'Home Improvement' star Zachery Ty Bryan charged after arrest with felony DUI, hit and run
House of Villains Season 2 Cast Revealed: Teresa Giudice, Richard Hatch and More
West Virginia animal shelter pleads for help fostering dogs after truck crashes into building
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
NBC News drops former RNC Chair Ronna McDaniel as contributor after backlash
Alabama sets May lethal injection date for man convicted of killing couple during robbery
Apple announces Worldwide Developers Conference dates, in-person event