Current:Home > NewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -BeyondWealth Learning
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Algosensey View
Date:2025-04-09 22:47:47
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! (4)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- North Carolina voter ID trial rescheduled again for spring in federal court
- 'Next level tantruming:' Some 49ers fans react to Super Bowl loss by destroying TVs
- What Patrick Mahomes, Travis Kelce said right after Chiefs repeated as Super Bowl champs
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- How Patrick Mahomes led Chiefs on a thrilling 13-play, 75-yard Super Bowl 58 winning drive
- Maine native completes hike of American Discovery Trail, becoming first woman to do it solo
- Waymo driverless car set ablaze in San Francisco: 'Putting out some rage'
- The Grammy nominee you need to hear: Esperanza Spalding
- What It's Really Like to Travel from Tokyo to Las Vegas Like Taylor Swift
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Wreck of ship that sank in 1940 found in Lake Superior
- Full transcript of Face the Nation, Feb. 11, 2024
- Storming of Ecuador TV station by armed men has ominous connection: Mexican drug cartels
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Avalanches kill skier, snowmobiler in Rockies as dangerous snow conditions persist across the West
- Times Square shooting: 15-year-old teen arrested after woman shot, police chase
- Taylor Swift and Travis Kelce’s Exchange After 2024 Super Bowl Win Proves Their Romance Is a Fairytale
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Republican Michigan lawmaker loses staff and committee assignment after online racist post
New Mexico officer killed in stabbing before suspect is shot and killed by witness, police say
Patrick Mahomes wins Super Bowl MVP for third time after pushing Chiefs to thrilling OT win
Buckingham Palace staff under investigation for 'bar brawl'
Storming of Ecuador TV station by armed men has ominous connection: Mexican drug cartels
Alix Earle Reveals Why Dating With Acne Was So Scary for Her
Pakistan election results show jailed former PM Imran Khan's backers heading for an election upset