Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -Triumph Financial Guides
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-18 10:11:08
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! (26)
Related
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- The Real Housewives of Potomac's Season 9 Taglines Are Here
- Taylor Swift Assists With “Memories of a Lifetime” for Kansas City Chiefs Alum’s Daughter
- Popeyes for Thanksgiving? How to get your own Cajun-style turkey this year
- Intellectuals vs. The Internet
- Taylor Swift Assists With “Memories of a Lifetime” for Kansas City Chiefs Alum’s Daughter
- Welcoming immigrants is key to this western Ohio city's housing success
- Nebraska high court to decide if residents with felony records can vote
- Buckingham Palace staff under investigation for 'bar brawl'
- Tom Brady’s purchase of a minority stake in the Las Vegas Raiders is approved by NFL team owners
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 'We Live in Time' review: A starry cancer drama that should have been weepier
- Liam Payne was a prolific One Direction songwriter as well as singer: His best songs
- Liam Payne was a prolific One Direction songwriter as well as singer: His best songs
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Artem Chigvintsev Slams Incorrect” Rumor About Nikki Garcia Reconciliation After Arrest
- Unions face a moment of truth in Michigan in this year’s presidential race
- Ozzy Osbourne makes special appearance at signing event amid health struggles
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Donald Trump breaks silence on 'Apprentice' movie: 'Disgusting hatchet job'
Score Big With Extra 50% Off Madewell Sale Dresses: Grab $25 Styles While They Last!
Hundreds of troops kicked out under ‘don’t ask, don’t tell’ get upgraded to honorable discharges
Former Syrian official arrested in California who oversaw prison charged with torture
Off the Grid: Sally breaks down USA TODAY's daily crossword, A Sight to Behold (Freestyle)
Bath & Body Works candle removed from stores for resemblance to KKK hood being sold on eBay
Body camera footage shows Phoenix officers punch, shock deaf man with Taser