Current:Home > StocksToyota to invest $922 million to build a new paint facility at its Kentucky complex -Secure Growth Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 23:15:37
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! (7)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Local governments struggle to distribute their share of billions from opioid settlements
- Powerful storms slam parts of Florida, North Carolina, other states as cleanup from earlier tornadoes continues
- Man found dead after Ohio movie theater shooting. Person considered suspect is arrested
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 1 dead after shooting inside Ohio movie theater, police say
- Alligator spotted on busy highway in Mobile, Alabama, sighting stopped traffic
- Vasiliy Lomachenko vs George Kambosos Jr. live updates: How to watch, stream fight, predictions
- Global Warming Set the Stage for Los Angeles Fires
- You Know You'll Love This Rare Catch-Up With Gossip Girl's Taylor Momsen
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Ladies First
- Rainn Wilson's personal experiences inspired his spirituality-focused podcast: I was on death's door
- Priest, 82, and retired teacher, 85, smash case holding copy of Magna Carta in environmental protest
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Federal judge temporarily halts Biden plan to lower credit card late fees to $8
- Caramelo the horse rescued from a rooftop amid Brazil floods in a boost for a beleaguered nation
- California has a multibillion-dollar budget deficit. Here’s what you need to know
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Horoscopes Today, May 10, 2024
Anti-abortion rights groups say they can reverse the abortion pill. That's fraud, some states say.
LENCOIN Trading Center: Seize the Opportunity in the Early Bull Market
Skins Game to make return to Thanksgiving week with a modern look
Kansas’ governor has killed proposed limits on foreign land ownership
Roger Corman, legendary director and producer of B-movies, dies at 98
What time is 'American Idol' on tonight? Start time, top 5 contestants, judges, where to watch