Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -TruePath Finance
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 16:43:28
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! (62875)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Former President Bill Clinton travels to Georgia to rally rural Black voters to the polls
- 'NCIS' Season 22: Premiere date, time, cast, where to watch and stream new episodes
- Concerns for playoff contenders lead college football Week 7 overreactions
- Senate begins final push to expand Social Security benefits for millions of people
- Country Singer Brantley Gilbert’s Wife Amber Gives Birth to Baby on Tour Bus Mid-Show
- Aidan Hutchinson's gruesome injury casts dark cloud over Lions after major statement win
- T.J. Holmes Suffers Injury After Running in Chicago Marathon With Girlfriend Amy Robach
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Operator dies and more than a dozen passengers hurt as New Jersey commuter train hits tree
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Opinion: Harris has adapted to changing media reality. It's time journalism does the same.
- AP Top 25: Oregon, Penn State move behind No. 1 Texas. Army, Navy both ranked for 1st time since ’60
- ‘Legacy’ Forests. ‘Restoration’ Logging. The New Jargon of Conservation Is Awash in Ambiguity. And Politics
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Off the Grid: Sally breaks down USA TODAY's crossword, Definitely Not Up to Something
- ‘The View’ abortion ad signals wider effort to use an FCC regulation to spread a message
- Ruth Chepngetich smashes woman's world record at Chicago Marathon
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Eye Opening
Starship launch: How to watch SpaceX test fly megarocket from Starbase in Texas
Blue Jackets, mourning death of Johnny Gaudreau, will pay tribute at home opener
Where will Elmo go? HBO moves away from 'Sesame Street'
Blaze that killed two Baltimore firefighters in 2023 is ruled accidental
Bolivia Has National Rights of Nature Laws. Why Haven’t They Been Enforced?
Ruth Chepngetich smashes woman's world record at Chicago Marathon