Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -Secure Growth Solutions
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-19 19:56:53
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! (928)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Where will Blake Snell, Cody Bellinger sign? MLB free agent rumors after Giants sign Soler
- How Texas church shooter bought rifle despite mental illness and criminal history is under scrutiny
- Indonesian voters are choosing a new president in one of the world’s largest elections
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Beyoncé surprises with sparkling appearance at Luar show during NYFW
- Man with knife suspected of stabbing 2 people at training center is fatally shot by police
- Alligator snapping turtle found far from home in English pond, is promptly named Fluffy
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Oil and gas producer to pay millions to US and New Mexico to remedy pollution concerns
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Greek lawmakers are debating a landmark bill to legalize same-sex marriage. Here’s what it means
- Drake places $1.15 million Super Bowl bet on the Chiefs to win
- Some worry California proposition to tackle homelessness would worsen the problem
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Indonesian voters are choosing a new president in one of the world’s largest elections
- How The Bachelor's Serene Russell Embraces Her Natural Curls After Struggles With Beauty Standards
- Love is in the air ... and the mail ... in the northern Colorado city of Loveland
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
2024 NFL scouting combine invite list revealed for draft prospect event in Indianapolis
Feds finalize areas for floating offshore wind farms along Oregon coast
A radio station is now playing Beyoncé's country song after an outcry from fans
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
New Mexico legislators approve bill to reduce greenhouse gas emissions
Nintendo amps up an old feud in 'Mario vs. Donkey Kong'
Greek lawmakers are debating a landmark bill to legalize same-sex marriage. Here’s what it means