Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -PureWealth Academy
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 07:57:24
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! (3773)
Related
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Amazon cloud computing unit plans to invest $11 billion to build data center in northern Indiana
- Key moments in the Supreme Court’s latest abortion case that could change how women get care
- Angel Reese, Kamilla Cardoso give Chicago, WNBA huge opportunity. Sky owners must step up.
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Worst U.S. cities for air pollution ranked in new American Lung Association report
- NFL draft order for all 257 picks: Who picks when for all 7 rounds of this year's draft
- Should Americans be worried about the border? The first Texas border czar says yes.
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- The Black Dog Owner Hints Which of Taylor Swift’s Exes Is a “Regular” After TTPD Song
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- After 24 years, deathbed confession leads to bodies of missing girl, mother in West Virginia
- South Carolina Senate approves $15.4B budget after debate on bathrooms and conference switching
- Louisiana dolphin shot dead; found along Cameron Parish coast
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Family of American man believed to be held by Taliban asks the UN torture investigator for help
- Family of American man believed to be held by Taliban asks the UN torture investigator for help
- Vermont House passes measure meant to crack down on so-called ghost guns
Recommendation
Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
Tupac Shakur's estate threatens to sue Drake over AI voice imitation: 'A blatant abuse'
House speaker calls for Columbia University president's resignation amid ongoing protests
Is cereal good for you? Watch out for the added sugars in these brands.
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Rep. Donald Payne Jr., 6-term New Jersey Democrat, dies at 65
Army reservist who warned about Maine killer before shootings to testify before investigators
Taylor Swift's 'Tortured Poets' reaches 1 billion Spotify streams in five days