Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -TradeStation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 11:19:44
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! (8669)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- UPS worker tracked fellow driver on delivery route before fatal shooting, police say
- Tamera Mowry Shares Honest Message About “Not Perfect” 13-Year Marriage to Adam Housley
- Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Kyle Larson faces additional obstacles to completing historic IndyCar/NASCAR double Sunday
- Study says more Americans smoke marijuana daily than drink alcohol
- Ireland, Spain and Norway recognizing a Palestinian state
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- City strikes deal to sell its half of soon-to-be-former Oakland A’s coliseum
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Lawsuits claim 66 people were abused as children in Pennsylvania’s juvenile facilities
- Towns treasures Timberwolves’ trip to West finals as Doncic-Irving duo hits stride for Mavericks
- Meet Gemini, the Zodiac's curious, social butterfly: The sign's personality traits, months
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Kelly Osbourne recalls 'Fashion Police' fallout with Giuliana Rancic after Zendaya comments
- Courteney Cox: Designing woman
- Private investment firms partner to potentially cash in following sweeping changes in college sports
Recommendation
A South Texas lawmaker’s 15
Bell recovered from iconic World War I shipwreck returned to U.S. over a century after it sank
5 dead and nearly 3 dozen hurt in tornadoes that tore through Iowa, officials say
Nashville council rejects proposed sign for Morgan Wallen’s new bar, decrying his behavior
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Wisconsin criminal justice groups argue for invalidating constitutional amendments on bail
Powerball winning numbers for May 22 drawing, as jackpot grows to $120 million
Jennifer Lopez’s Answer to Ben Affleck Breakup Question Will Leave Your Jaw on the Floor