Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -SecureWealth Vault
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 17:31:22
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! (454)
Related
- The Best Stocking Stuffers Under $25
- Kelis Cheekily Responds to Bill Murray Dating Rumors
- Energy Execs’ Tone on Climate Changing, But They Still See a Long Fossil Future
- New York City Has Ambitious Climate Goals. The Next Mayor Will Determine Whether the City Follows Through
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Sun unleashes powerful solar flare strong enough to cause radio blackouts on Earth
- From Pose to Queer as Folk, Here Are Best LGBTQ+ Shows of All Time
- How the Marine Corps Struck Gold in a Trash Heap As Part of the Pentagon’s Fight Against Climate Change
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- TikToker Allison Kuch Is Pregnant, Expecting First Baby With NFL Star Isaac Rochell
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Book excerpt: American Ramble: A Walk of Memory and Renewal
- Ohio groups submit 710,131 signatures to put abortion rights amendment on November ballot
- Los Angeles sheriff disturbed by video of violent Lancaster arrest by deputies
- Highlights from Trump’s interview with Time magazine
- Jill Duggar Alleges She and Her Siblings Didn't Get Paid for TLC Shows
- Britney Spears and Kevin Federline Slam Report She's on Drugs
- Proof Jennifer Coolidge Is Ready to Check Into a White Lotus Prequel
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Apply for ICN’s Environmental Reporting Workshop for Midwest Journalists. It’s Free!
Make Fitness a Priority and Save 49% On a Foldable Stationary Bike With Resistance Bands
Jellyfish-like creatures called Blue Buttons that spit out waste through their mouths are washing up on Texas beaches
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
America’s Energy Future: What the Government Misses in Its Energy Outlook and Why It Matters
Kelis Cheekily Responds to Bill Murray Dating Rumors
Why the Ozempic Conversation Has Become Unavoidable: Breaking Down the Controversy