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
View
Date:2025-04-14 06:47:03
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! (85834)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Heartbroken Dwayne Johnson Sends Love to Local Heroes Amid Maui Wildfires Recovery Efforts
- Ashley Olsen Privately Gives Birth, Welcomes First Baby With Husband Louis Eisner
- Off Alaska coast, research crew peers down, down, down to map deep and remote ocean
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Wendy McMahon and Ingrid Ciprian-Matthews take lead news executive roles at CBS
- ‘Barbie’ has legs: Greta Gerwig’s film tops box office again and gives industry a midsummer surge
- 2 dead after plane strikes power line, crashes in lake in western North Carolina, authorities say
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Man sentenced for abandoning baby after MLB pitcher Dennis Eckersley’s daughter gave birth in woods
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- A throng of interfaith leaders to focus on combating authoritarianism at global gathering in Chicago
- Coast Guard rescues 4 divers who went missing off the Carolinas
- Hawaii mourns the dead in ferocious wildfires while officials warn the full toll is not yet known
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Florida kayaker captures video of dolphin swimming in bioluminescent waters for its food
- 21-year-old woman dies after falling 300 feet at Rocky Mountain National Park
- Wendy McMahon and Ingrid Ciprian-Matthews take lead news executive roles at CBS
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Cuba's first Little League World Series team has family ties to MLB's Gurriel brothers
Barbie bonanza: 'Barbie' tops box office for fourth week straight with $33.7 M
Ed Sheeran works shift at Lego store at Mall of America before performing 'Lego House': Watch here
Rylee Arnold Shares a Long
Ranking SEC quarterbacks in 2023, from Jayden Daniels and Joe Milton to Graham Mertz
How smart financial planning can save you thousands of dollars when things go awry
Ford F-150 Lightning pickup saves the day for elderly man stranded in wheelchair