Current:Home > ContactToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetScope
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 11:08:11
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! (6992)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 2024 Paralympics: Kate Middleton and Prince William Share Royally Sweet Message Ahead of Games
- Don't Miss Kate Spade Outlet's Labor Day Sale: Chic Bags, Wristlets & More Up to 81% off, Starting at $19
- Channing Tatum Accuses Ex Jenna Dewan of Delay Tactic in Divorce Proceedings
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Harris and Walz are kicking off a 2-day bus tour in Georgia that will culminate in Savannah rally
- Police in Washington city banned from personalizing equipment in settlement over shooting Black man
- Peloton's former billionaire CEO says he 'lost all my money' when he left exercise company
- Bodycam footage shows high
- The Paralympic Games are starting. Here’s what to expect as 4,400 athletes compete in Paris
Ranking
- A South Texas lawmaker’s 15
- Full of battle scars, Cam McCormick proudly heads into 9th college football season
- Workers are breaching Klamath dams, which will let salmon swim freely for first time in a century
- CDC reports 5 more deaths, new cases in Boar's Head listeria outbreak since early August
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Simone Biles Poses With All 11 of Her Olympic Medals in Winning Photos
- Wimbledon champion Barbora Krejcikova knocked out in the second round of the US Open
- Court revives Sarah Palin’s libel lawsuit against The New York Times
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Iowa water buffalo escapes owner moments before slaughter, eluding police for days
Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
Trump campaign was warned not to take photos at Arlington before altercation, defense official says
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
First look at new Netflix series on the Menendez brothers: See trailer, release date, cast
Megan Thee Stallion hosts, Taylor Swift dominates: Here’s what to know about the 2024 MTV VMAs
Walmart's prices lowered on thousands of items except in this 'stubborn' food aisle