Current:Home > FinanceToyota to invest $922 million to build a new paint facility at its Kentucky complex -FundSphere
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-28 00:17:41
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! (561)
Related
- Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
- John Mayer Reveals His New Thoughts on His Song Paper Doll Rumored to Be About Taylor Swift
- Proof Tristan Thompson Is on Good Terms With This Member of the Kardashian Clan
- Biden declares disaster in New Mexico wildfire zone
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Russia suspends Black Sea Grain Initiative with Ukraine, says it will return when deal is implemented fully
- Missing businessman's dismembered body found in freezer with chainsaw and hedge clippers, Thai police say
- Making weather forecasts is hard. Getting people to understand them is even harder
- Oklahoma parole board recommends governor spare the life of man on death row
- Large swaths of the U.S. set daily temperature records
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Fossil shows mammal, dinosaur locked in mortal combat
- Despite U.S. sanctions, oil traders help Russian oil reach global markets
- Ocean water along U.S. coasts will rise about one foot by 2050, scientists warn
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Flooding kills at least 259 in South Africa
- The SEC wants companies to disclose how climate change is affecting them
- Gunmen torch market, killing 9, days after body parts and cartel messages found in same Mexican city
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Climate-driven floods will disproportionately affect Black communities, study finds
Love Is Blind’s Bartise Bowden Shares Adorable New Footage of His Baby Boy
Italy told to brace for most intense heat wave ever, as Europe expected to see record temperatures
Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
Is your house at risk of a wildfire? This online tool could tell you
Making weather forecasts is hard. Getting people to understand them is even harder
Heat wave in Europe could be poised to set a new temperature record in Italy